Cornwall · Stormont, Dundas and Glengarry area
Mortgages in Cornwall, compared across lenders
We compare banks, credit unions and monoline lenders for your Cornwall purchase, renewal or refinance, and explain the trade-offs in plain English.
We help Cornwall households buy, renew and refinance by comparing banks, credit unions, trust companies and monoline lenders. In September 2026 the average sale in the Cornwall board's area was $488,136, across 228 sales (CREA, checked October 2026). Every mortgage is subject to lender approval; we arrange mortgages for properties in Ontario only.
Cornwall in numbers
These are the latest published figures we could check for Cornwall, each with its source and date. They describe the market, not your mortgage.
Home sales, September 2026
- Average sale price
- $488,136
- Sales
- 228
- Months of inventory
- 5.7
Months of inventory is how long the homes listed for sale would take to sell at the recent pace of sales.
Renting, October 2025
- Average two-bedroom rent
- $1,281 a month
- Vacancy rate
- 3.6%
A year earlier the rent was $1,142 and vacancy 2.8%. The survey covers purpose-built rental apartments in private buildings of three or more units.
Households, 2021 Census
- Households that own
- 53.6%
- Median household income (2020)
- $60,000
City of Cornwall (census subdivision 3501012): 21,390 households, population 47,845. Income is for 2020, the year before the census.
What's different about borrowing in Cornwall
- Cornwall is outside the City of Toronto, so a purchase pays Ontario's land transfer tax only. Our land transfer tax calculator shows the amount.
- A two-bedroom apartment in the Cornwall census agglomeration (CA), which includes Cornwall, rented for $1,281 a month on average in October 2025, up from $1,142 a year earlier (CMHC, checked October 2026). Vacancy was 3.6%. If you rent now, set that rent against a mortgage payment plus property tax, heat and upkeep.
- In the 2021 Census, 53.6% of households in the City of Cornwall owned their home, and the median household income in 2020 was $60,000 (Statistics Canada, checked October 2026).
Outside Toronto you pay Ontario's land transfer tax only — work it out with the land transfer tax calculator. Also useful: Ontario closing costs · down payment rules.
Who we help in Cornwall
We help Cornwall households buy a first home, move up, renew or refinance. We compare banks, credit unions and monoline lenders (lenders that only do mortgages and work through brokers) first.
If you are self-employed, lenders generally look at two years of tax returns, and some look at the business more broadly. Alternative lenders are the next step when a bank's rules don't fit, at a higher cost. Private money is a short bridge only, and we explain its cost first.
Questions from Cornwall borrowers
Do I pay Toronto's land transfer tax in Cornwall?
No. Cornwall is outside the City of Toronto, so only Ontario's land transfer tax applies.
I'm self-employed. Can I still get a bank mortgage?
Often, yes. Lenders generally look at two years of tax returns and notices of assessment, and some look at the business more broadly. We show you which lenders read your income which way, subject to lender approval.
Can I work with you if I live in Cornwall?
Yes. We work with borrowers across Ontario by phone and online; our office is in Richmond Hill.
General information for Ontario borrowers, not advice. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722.
Sources
- CREA, statistics page for the Cornwall and District Real Estate Board, September 2026, checked October 2026.
- CMHC Rental Market Survey, Ontario tables 1.1.1 and 1.1.2, published 11 December 2025, October 2025, checked October 2026.
- Statistics Canada, 2021 Census of Population, Census Profile, City of Cornwall (census subdivision 3501012), 2021 Census, checked October 2026.
- Ontario, Calculating land transfer tax, page updated 22 April 2026, checked October 2026.
- Ontario, Land transfer tax refunds for first-time homebuyers, page updated 10 February 2026, checked October 2026.
- CMHC, Calculating GDS and TDS, debt-service rules for insured mortgages, checked October 2026.
No cost to talk
Talk to a broker about your Cornwall mortgage
Tell us what you're planning for a home in Ontario and a good number to reach you. We call back within one business day, usually sooner. We ask for documents only once we know which ones your mortgage needs.
You can also call us at (416) 371-2077.