Compare mortgage rates from banks in Canada

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Get the best mortgage rates from the big banks through our partner nesto:

Save on your mortgage: Compare mortgage rates from Canada’s top lenders and find the best deal for your budget.
Customized offers: Discover mortgage rates tailored to your specific needs, whether you’re a first-time buyer, renewing or refinancing.
Quick and easy process: Get instant quotes and compare rates in minutes with our easy-to-use mortgage rate comparator.
Access to the best rates: Take advantage of promotional rates and special offers from leading lenders to maximize your savings.
Transparency and trust: Consult other borrowers’ reviews and ratings to choose a mortgage offer with complete confidence and no surprises.

Frequently asked questions about mortgage rates in Canada

What is a mortgage rate, and how does it work?

A mortgage rate is the percentage lenders charge on the amount borrowed to buy a property. This rate determines the interest you will pay on the capital borrowed. Rates can be fixed, where they remain constant throughout the loan term, or variable, where they can fluctuate according to market conditions.

What types of mortgage rates are available in Canada?

In Canada, the main types of mortgage rates are fixed and variable. A fixed-rate remains the same for the entire mortgage term, while a variable rate can change according to variations in the bank’s prime rate.

How can I get the best mortgage rate?

To get the best mortgage rate, compare offers from different lenders, improve your credit rating, increase your down payment, and consider consulting a mortgage broker who can negotiate on your behalf. Also, keep an eye out for promotions and special offers from lenders.

What's the difference between a fixed and a variable mortgage rate?

A fixed mortgage rate remains constant throughout the loan term, offering predictable monthly payments. On the other hand, a variable mortgage rate can change periodically as the bank’s prime rate fluctuates, resulting in variable monthly payments.

What is a promotional mortgage rate and how does it differ from standard rates?

A promotional mortgage rate is a reduced rate offered by lenders for a limited period to attract new customers. These rates are generally lower than standard rates but may revert to a higher rate after the promotional period. Understanding the conditions and duration of the promotion before committing is essential.

Where can you get the best mortgage rates in Canada?

You can compare the best mortgage rates online via our mortgage rate comparator.