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Mortgage Advice

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Compare mortgage rates

Below you will find the day’s best mortgage rates compiled from leading banks and mortgage brokers in Canada. All rates are current and updated on a daily basis, to which you can inquire free of charge!

Observe the fields below and select the mortgage rate type and term that interests you. If you’re not sure and would like to learn more about these options, please reference the “Mortgage Advice” articles on the right sidebar.

Simply click on a rate to get more details and connect with the provider.

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Not all rates come with the same terms and conditions which is why it is important to look at all the rate details. Prepayment options and rate holds are two such important conditions to evaluate as well.

What are prepayment options?

Prepayment options outline the flexibility you have to increase your monthly mortgage payments or put a lump sum towards your mortgage principal. For example, a 25% monthly prepayment allowance on a $1,000 mortgage payment would allow you to increase your payment to $1,250, while a 25% lump sum pre-payment on a $100,000 mortgage would allow you to put $25,000 annually towards the principal.

What is the mortgage rate hold?

The rate hold is the number of days you are able to lock in to the current mortgage rate. If rates rise, you have a commitment from the lender to the locked in rate. For example, if the rate hold is 90 days, the mortgage rate will be held for 90 days regardless if rates change. If rates fall, the lender will typically match the lower rate, so there is limited downside to obtaining a rate hold.