Independent marketplace · 77 lender policies published Shop Best Mortgage Rates from over 77 Lenders across Canada

Canada's Largest Independent Mortgage Marketplace

Q: Is Rateshop a mortgage broker?

RateShop is a marketplace. We collect rates, document what each lender's programs actually say, and publish the math — all of it free. When you want to act on it, a licensed broker takes the file from there. How we are paid.

Q: What does any of this cost me?

Nothing. Every rate, every calculator and every lender profile is free and none of it is gated. We ask for an email in two places only: to send you a PDF report you asked for, and to remind you before your renewal. Neither is required to use anything.

Q: How do you decide which lenders to show?

We publish every lender we can get verified pricing for, ordered by rate, and we never accept payment for placement or ordering. Where a lender is unusually good or bad for a particular kind of file we say so, including when that is unflattering. Our editorial policy sets out the method.

Q: Why does your calculator give a different payment than my bank's?

Canadian mortgages compound semi-annually, not monthly. A lot of free calculators use the American monthly formula, which overstates the payment. Ours uses the Canadian convention, which is what your lender actually charges — and we show the formula rather than asking you to take our word for it.

Filtered by Program, Amortization & Province, Find your Lowest Mortgage Renewal & Refinance Offer in seconds.

Zero credit footprintReal rates without a credit pull or a broker inquiry on your file.
Unbiased shelf matchRouted by the loan-to-value rules lenders actually price against.

View the full Canadian rate board Board checked 2026-09-08

Find your real shelf

Two numbers reveal the shelf lenders price you on

Browse all rates

Transaction purpose

Buying Renewing Refinancing

Property value ($)

Mortgage amount ($)

Calculated loan-to-value (LTV) 90.0% Insured — up to 95% loan-to-value

Est. monthly payment $3310.51 per month · 25-yr amortization

Best 5-yr fixedExclusive Lender 3.99%

Best 5-yr variableExclusive Lender 3.40%

Under 20% down on an owner-occupied home priced below $1.5M, 25-year maximum amortization. Default-insured through CMHC, Sagen or Canada Guaranty.

No credit check · 600+ published rates, filtered to your shelf on the next page.

3.99%lowest 5-yr fixed · Exclusive Lender

3.40%lowest 5-yr variable · Exclusive Lender

77+lenders profiled, policies published

600+rates on this week’s board

Pricing collected from

Mortgage architecture 101

The Three Prices of the Same Mortgage

Insured, insurable and uninsured are three different risk pools, and which one your file falls into is decided by the loan-to-value rules before anyone looks at your credit. These are the lowest potential rates on each shelf.

Checked by the RateShop rate desk · 2026-09-08

Insured shelf < 20% down

Government backed

Default insurance (CMHC, Sagen or Canada Guaranty) moves the default risk off the lender. With the risk that small, lenders post their lowest rate here.

5-yr fixed3.99% Exclusive Lender$3,311/mo

5-yr variable3.40% Exclusive Lender$3,112/mo

Payments on $630,000 over 25 years, Canadian semi-annual compounding.

Mandatory criteria

Owner-occupied principal residence
Purchase price under $1.5M
25-year maximum amortization

See every insured rate

Insurable shelf ≥ 20% down

Portfolio insurable

20% or more down, so no premium is charged to you. The lender buys bulk portfolio insurance in the background, which keeps pricing close to insured.

5-yr fixed4.09% Exclusive Lender$3,345/mo

5-yr variable3.40% Exclusive Lender$3,112/mo

Payments on $630,000 over 25 years, Canadian semi-annual compounding.

Mandatory criteria

20%+ equity or down payment
Property value under $1.5M
25-year maximum amortization

See every insurable rate

Uninsured shelf Refi / 30-yr

Balance-sheet lending

Cannot be insured: refinances, amortizations past 25 years, properties at $1.5M or more, rentals. The lender funds it off its own balance sheet with a risk premium.

5-yr fixed4.19% Exclusive Lender$3,379/mo

5-yr variable3.70% Exclusive Lender$3,212/mo

Payments on $630,000 over 25 years, Canadian semi-annual compounding.

Qualifies files with

Refinancing or equity take-out
30-year amortization for a lower payment
Properties at $1.5M and above

See every uninsured rate

Live wholesale rate sheet

Lowest published rate on every shelf, by term. Filter by term and rate type.

Lowest published rate on each lending shelf, by term
Lender category	Term	Shelf eligibility	Wholesale rate	Payment on $630,000	Action
Exclusive Lender Exclusive	5-yr variable	Insured	3.40%	$3,112/mo	Get this rate
Exclusive Lender Exclusive	5-yr variable	Insurable ≤65%	3.40%	$3,112/mo	Get this rate
Exclusive Lender Exclusive	5-yr variable	Uninsured	3.70%	$3,212/mo	Get this rate
Exclusive Lender Exclusive	3-yr fixed	Insured	3.89%	$3,276/mo	Get this rate
Exclusive Lender Exclusive	3-yr fixed	Insurable ≤80%	3.99%	$3,311/mo	Get this rate
Exclusive Lender Exclusive	5-yr fixed	Insured	3.99%	$3,311/mo	Get this rate
Exclusive Lender Exclusive	5-yr fixed	Insurable ≤80%	4.09%	$3,345/mo	Get this rate
Exclusive Lender Exclusive	3-yr fixed	Uninsured	4.19%	$3,379/mo	Get this rate
Exclusive Lender Exclusive	5-yr fixed	Uninsured	4.19%	$3,379/mo	Get this rate

The whole board — by term, type and loan-to-value →

Collected and checked by the Rateshop rate desk · updated 2026-09-08 · How we assess this

Underwriting transparency

What Each Lender Will Actually Approve

Every rate site in Canada tells you the number and then a paragraph about GDS, TDS and the stress test. None of them tells you which lender reads self-employed income generously, which one wants two years of NOAs, or which one will not touch your file at all. We publish that for all 77.

Chartered bankQuebec

B2B Bank

Generally for Self-employed borrowers and rental property owners who want a chartered bank mortgage but do not fit standard bank templates.

View qualification guidelines MonolineOntario

First National Financial

Generally for Buyers and owners working through a broker who want a large, established non-bank lender for a prime purchase, refinance or transfer.

View qualification guidelines Credit unionBritish Columbia

Community Savings Credit Union

Generally for British Columbia buyers and homeowners, including self-employed people whose income does not fit conventional bank documentation.

View qualification guidelines PrivateAlberta

Alta West Capital

Generally for Self-employed people, borrowers with impaired or rebuilding credit, and property investors who cannot meet a bank's qualification standards.

View qualification guidelines

All 77 lender policies →

Bespoke solutions

Mortgage Strategies Tailored to Your Actual Situation

A salaried buyer with 20% down and clean credit gets roughly what the board says. These do not, and the gap between the advertised rate and the real one is where the money is.

Renewals

Your lender is counting on the letter

The renewal letter is not an offer, it is an opening position. Signing it is the most expensive default in Canadian personal finance.

What a renewal should cost Debt restructuring

Rolling card-rate debt into mortgage-rate debt

The arithmetic is usually overwhelming and the penalty usually smaller than feared. Both are worth calculating before you decide.

Run the consolidation numbers Business for self

Your tax return understates you on purpose

Write-offs that save you tax cost you mortgage. Which lender reads business-for-self income generously is a matter of published policy — so we publish it.

How lenders read self-employed income

All ten situations, by province →

Canadian mortgage calculators

Canadian Mortgage Calculators For Every Situation

From a fast, accurate monthly mortgage payment to a full analysis of interest, prepayment penalties, affordability, GDS and TDS ratios, amortization, renewal versus refinance and the payment shock waiting at renewal — 36 free calculators, built to Canadian rules.

Each one is meticulously designed, tested and kept current with today's rates, Canadian down-payment rules and the arithmetic lenders actually run — including whether your file prices as insured, insurable or uninsured, which is the distinction most calculators ignore and every lender starts with.

Standard US formula (faulty) $2,922.95 /mo $500,000 @ 5.00% / 25 yrs · monthly compounding

RateShop Canadian formula (actual) $2,908.02 /mo Saves $179.10 a year in real arithmetic

Canadian mortgages compound semi-annually, not in advance. Free calculators running the American monthly formula overstate every payment they print — on $500,000 at 5.00% over 25 years that is $2,922.95 against the true $2,908.02. Ours prints the formula beside the figure.

The RateShop GDS and TDS calculator on a phone, showing a 31.5% TDS ratio passing the 44% insured limit, the GDS and TDS breakdown, which ratio binds, and the room remaining

Open the payment calculator Land transfer tax calculator

Every calculator →

Free renewal tracker

Track Best Renewal Offers 90 Days Before Maturity

The renewal letter tends to arrive late and priced as an opening position. Tracking from 90 days out gives you time to compare the whole board, hold a rate, and switch if your lender will not match it.

Rate-drop alerts as the board moves
No spam · one-click unsubscribe

Set your renewal date

Clarity & compliance

Frequently Asked Questions

Plain answers on our independence, how we are paid, and why our arithmetic differs from a bank’s.

Is Rateshop a mortgage broker?

RateShop is a marketplace. We collect rates, document what each lender's programs actually say, and publish the math — all of it free. When you want to act on it, a licensed broker takes the file from there. How we are paid.

What does any of this cost me?

Nothing. Every rate, every calculator and every lender profile is free and none of it is gated. We ask for an email in two places only: to send you a PDF report you asked for, and to remind you before your renewal. Neither is required to use anything.

How do you decide which lenders to show?

We publish every lender we can get verified pricing for, ordered by rate, and we never accept payment for placement or ordering. Where a lender is unusually good or bad for a particular kind of file we say so, including when that is unflattering. Our editorial policy sets out the method.

Why does your calculator give a different payment than my bank's?

Canadian mortgages compound semi-annually, not monthly. A lot of free calculators use the American monthly formula, which overstates the payment. Ours uses the Canadian convention, which is what your lender actually charges — and we show the formula rather than asking you to take our word for it.

Direct broker representation

Read enough? There is a broker on the other side of this.

When you are ready to do something with these numbers, we will introduce you to a licensed broker who can put the file in front of lenders. Nothing here obliges you to.

Get matched with a broker See today's rates

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