Etobicoke · City of Toronto
Mortgages in Etobicoke, compared across lenders
We compare banks, credit unions and monoline lenders for your Etobicoke purchase, renewal or refinance, and explain the trade-offs in plain English.
We help Etobicoke borrowers buy, renew, switch and refinance with banks, credit unions, trust companies and monoline lenders, and we show the offers side by side. In September 2026 TRREB's 5 Etobicoke districts recorded 275 sales at an average of $1,030,235 (TRREB district figures, our sum, checked October 2026). Every mortgage is subject to lender approval; we arrange mortgages for properties in Ontario only.
Etobicoke in numbers
These are the latest published figures we could check for Etobicoke, each with its source and date. They describe the market, not your mortgage.
Home sales, September 2026
- Sales, districts combined
- 275
- Average sale price, districts combined
- $1,030,235
Total and average are our arithmetic: the districts' sales added up, and their dollar volume divided by those sales. A median can't be added up, so each district's is below.
| District | Communities (as TRREB names them) | Sales | Median |
|---|---|---|---|
| W06 | Alderwood, Long Branch, Mimico, New Toronto | 82 | $756,250 |
| W07 | Stonegate-Queensway | 23 | $1,530,000 |
| W08 | Edenbridge-Humber Valley, Eringate-Centennial-West Deane, Etobicoke West Mall, Islington-City Centre West, Kingsway South, Markland Wood, Princess-Rosethorn | 110 | $807,500 |
| W09 | Humber Heights, Kingsview Village-The Westway, Willowridge-Martingrove-Richview | 20 | $887,500 |
| W10 | Elms-Old Rexdale, Mount Olive-Silverstone-Jamestown, Rexdale-Kipling, Thistletown-Beaumonde Heights, West Humber-Clairville | 40 | $757,500 |
Residential property tax rate, City of Toronto, 2026
- Total rate
- 0.767311%
Made up of City 0.605295% + City Building Fund 0.009016% + education 0.153000%. The rate applies to the assessed value set by MPAC (the Municipal Property Assessment Corporation), not to the price you pay.
Renting, October 2025
- Average two-bedroom rent
- $2,046 a month
- Vacancy rate
- 3.0%
A year earlier the rent was $1,974 and vacancy 2.5%. The survey covers purpose-built rental apartments in private buildings of three or more units.
What's different about borrowing in Etobicoke
- Etobicoke sits on the Toronto side of the border with Mississauga. A home here pays Toronto's municipal land transfer tax, and a home across the city line does not. Our land transfer tax calculator shows the difference.
- The City of Toronto's 2026 residential property tax rate, which applies in Etobicoke, is 0.767311% of the home's assessed value, counting the City, City Building Fund and education parts (City of Toronto, 2026 Property Tax Rates, checked October 2026). MPAC sets the assessed value, and it is not the price you pay, so ask for the seller's current tax bill. Lenders count property tax in the housing costs they qualify you on (CMHC debt-service rules, checked October 2026).
- A two-bedroom apartment in the Toronto census metropolitan area (CMA), which includes Etobicoke, rented for $2,046 a month on average in October 2025, up from $1,974 a year earlier (CMHC, checked October 2026). Vacancy was 3.0%. If you rent now, set that rent against a mortgage payment plus property tax, heat and upkeep.
Toronto buyers pay two land transfer taxes — work it out with the land transfer tax calculator. Also useful: Ontario closing costs · down payment rules.
Who we help in Etobicoke
We help Etobicoke 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.
At renewal you can switch lenders without a prepayment penalty, and if staying is the better deal, we say so. 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 Etobicoke borrowers
Does it matter for tax whether I buy in Etobicoke or in Mississauga?
Yes. Etobicoke is in the City of Toronto, so you pay Toronto's municipal land transfer tax on top of Ontario's. In Mississauga you pay Ontario's only, so on the same price the Toronto side costs more on closing.
Illustrative, not a quote: TRREB publishes no single median for Etobicoke, so this uses the September 2026 City of Toronto median of $810,000. Ontario's tax is $12,675 and Toronto's is $12,675, $25,350 in all (TRREB median, ontario.ca and toronto.ca brackets, checked October 2026).
If you qualify for both first-time buyer refunds in full, $16,875 is left (up to $4,000 from Ontario and $4,475 from Toronto). This is our arithmetic: below $2 million the two taxes use the same brackets, so each comes to the same amount.
Your lawyer works out the exact amount at closing.
Should I just sign my lender's renewal offer?
Not before you compare it. Treat it as one offer: at the end of your term you can move to another lender without a prepayment penalty. If you keep the same amount and amortization (the years over which the loan is paid off), a federally regulated lender does not have to re-run the stress test. We compare the two and tell you if staying is better.
Can I work with you if I live in Etobicoke?
Yes. We work with borrowers across Ontario by phone and online; our office is in Richmond Hill.
Nearby: Toronto · Mississauga · Brampton · Vaughan
General information for Ontario borrowers, not advice. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722.
Sources
- TRREB, GTA Market Watch, September 2026, checked October 2026.
- City of Toronto, 2026 Property Tax Rates, 2026 tax year, checked October 2026.
- CMHC Rental Market Survey, Table 1.0, published 11 December 2025, October 2025, 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.
- City of Toronto, Municipal land transfer tax rates and fees, page updated 7 April 2026, checked October 2026.
- City of Toronto, Municipal land transfer tax rebate opportunities, page updated 18 December 2025, checked October 2026.
- CMHC, Calculating GDS and TDS, debt-service rules for insured mortgages, checked October 2026.
- TRREB, Toronto West community housing market report, 2026 Q2, district and community names, checked October 2026.
- Land transfer tax example: our arithmetic, Ontario's and Toronto's brackets applied to the TRREB September 2026 City of Toronto median, less both first-time buyer refunds, checked October 2026.
No cost to talk
Talk to a broker about your Etobicoke 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.