🏦 TD Bank vs RBC vs Scotiabank: Best Mortgage Rates in September 2025

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As Canada’s housing market stabilizes heading into fall, major lenders — TD Bank, RBC, and Scotiabank — are updating their mortgage offers for September 2025. With the Bank of Canada’s latest rate hold and growing competition among lenders, borrowers have a prime opportunity to lock in better deals.

TD Bank currently attracts homeowners with flexible payment options and competitive variable-rate mortgages, ideal for those expecting rate cuts by late 2025. RBC remains a leader in fixed-rate products, offering strong prepayment privileges and rate guarantees. Meanwhile, Scotiabank appeals to buyers with its Value Mortgage — a simplified, low-fee option for those seeking affordability.

However, while these major banks dominate headlines, mortgage brokers like RateShop.ca often access lower wholesale rates through multiple lenders, potentially saving borrowers thousands. Whether you’re renewing, refinancing, or buying your first home, comparing banks and broker rates this September could mean the difference between short-term stability and long-term savings.