Mortgage rates by lender —
every broker-channel best.

Because each lender prices a different business. Banks price for the branch network and the bundle; monoline lenders, which exist only through brokers, run leaner and often post the sharpest insured rates; credit unions price for members and can qualify some files at the contract rate; and every lender's funding costs and appetite for your exact file type — insured purchase, uninsured refinance, rental, self-employed — differ week to week. The same borrower can be one lender's favourite file and another's decline, at rates half a point apart. That spread is the entire reason this page exists: compare the lenders against your file, not against an average.

Most lenders run two rate sheets: the posted/branch rate quoted to walk-ins, and the wholesale broker-channel rate offered through licensed brokers — usually 15-30 bps lower because the broker does the origination work. You can only reach broker-channel pricing through a brokerage like ours.

It changes daily and depends on your file — a monoline often wins on a clean insured purchase, a credit union may undercut on a renewal, and a Big-6 bank can be sharpest when you bundle. That's the point of comparing: we put your file in front of all of them at once rather than betting on one brand.

No — on standard residential deals the lender pays our commission, so our service is free to you. We're paid the same regardless of which lender you choose, so the advice is to find your lowest, not to steer you.

Usually, yes — and it surprises people. An insured mortgage (less than 20% down, premium paid to CMHC, Sagen or Canada Guaranty) is lower-risk for the lender, so insured rates are often the sharpest a lender posts. An uninsured mortgage (20%+ down) can price slightly higher, and an uninsurable one (a refinance, a rental, a home at $1.5M+) higher again. When you compare lenders on this page, compare them on your category, not on the headline rate.

Fixed rates follow the bond market and can move any business day — sometimes several lenders reprice in the same week. Variable rates move with the Bank of Canada's policy rate and the prime rate it drives. The board on this page is a live network feed reviewed daily by our Principal Broker; the date at the top of the page is the date you are looking at.

A monoline lender (MCAP, First National and CMLS are the best known) does one thing — mortgages — and sells only through licensed brokers, so you will never see a branch. They are federally regulated, their mortgages are typically insured or insurable and funded by major institutions, and their rates are frequently the lowest on this page for clean insured files. The trade-off is service model: everything runs through your broker rather than a branch — which, for most borrowers, is the point.