🏡 Mortgage Rates in Niagara – July 2025 Update: What It Means for Buyers

by Barbara Scarlett

With summer in full swing, so is the buzz around home financing in the Niagara Region. As of the end of June 2025, mortgage rates in Canada have dropped to some of the lowest levels we’ve seen in recent years — especially for qualified borrowers.

Here are the lowest rates currently available according to Ratehub.ca:

3-Year Fixed (Insured): 3.89%
5-Year Fixed (Insured): 3.84%
5-Year Variable (Insured): 3.95%

These are for “A” borrowers — meaning solid income, good credit, and a typical property. But even with lower interest rates, lenders still require buyers to pass the federal mortgage stress test, which uses the higher of either 5.25% or your contract rate plus 2%.

If you’re house hunting in Fort Erie, Niagara Falls, St. Catharines, or Welland, now may be the perfect time to revisit your pre-approval and lock in a favourable rate. Even a small shift in interest rates can change your monthly payment by hundreds of dollars.

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