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Compare rates, calculate your savings, and get pre-approved with expert guidance – serving all provinces, specializing in Ontario, BC, Alberta & Manitoba.
Talk to our Trusted Mortgage Brokers & Get Approved for the Best Mortgage Offers from Banks, Credit Unions & Private Lenders for:
New Home Purchase
Mortgage Renewal & Switch
Refinance & Debt Consolidation
Home Equity Line of Credit
Private 1st & 2nd Mortgage
Commercial Mortgage
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Canada's Best Mortgage Rates
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Top 8 Reasons To Get Your Mortgage With RateShop.ca
Best Mortgage Rates. Period.
We feature rock-bottom rates from several banks, credit unions, and lenders plus many exclusive low rates that aren’t available through other brokers or lenders directly.
Same Day File Review
Our service commitment is, we will never sit idle on a file. The day we have your application & documents, we start our review immediately to analyze all our lender offers and suggest the best one for you.
Largest Choice of Lenders
We offer the most comprehensive list of banks, credit unions, monoline lenders you’ll find in Canada. More choice, better rates, greater flexibility and dozens of purchase, refinance, renewal & home equity programs.
Easy Mortgage Approval
Our application searches from 700+ mortgage offers with various terms, rate types, and lending programs from 65+ mortgage lenders in Canada, that finds your best suited rate for your unique situation. Unleash the power of Artificial Intelligence to help you save on your mortgage!
Award-winning Service
We work relentlessly to improve every aspect of our service, from service to transparent lending solutions. We’re proud and humbled by our clients' and lenders' appreciation to vote us their preferred partner. Our mission is to provide the best mortgage offerings & services on the planet.
Customers Love Us
We always tell our clients, it's not just about the rate! Finding a solution that works for you, instead of costs you more in the future is what our mortgage planning is about. In two to three years into the mortgage term, this becomes very apparent. Customers have called us back telling us how our advice saved them money and educated them to manage finances better.
Mortgage Lenders Love Us
As a volume broker, our lender relations are important. That's what gets us great rates, and this is possible because we know the programs, we're fluent in underwriting and we are efficient with approvals. Who & What you know in the industry matters, we understand all bank programs and know where to find you flexibility and rate discounts.
Free Mortgage Rate Monitoring
Stay on top of mortgage savings, rate specials, wealth creation tips & investment opportunities. Breaking news affecting mortgage rates and real estate in Canada. We use our AI technology to compare your rate monthly with available lender offers and find the savings for you.
Best Mortgage Rates. Period.
We feature rock-bottom rates from several banks, credit unions, and lenders plus many exclusive low rates that aren’t available through other brokers or lenders directly.
Same Day File Review
Our service commitment is, we will never sit idle on a file. The day we have your application & documents, we start our review immediately to analyze all our lender offers and suggest the best one for you.
Largest Choice of Lenders
We offer the most comprehensive list of banks, credit unions, monoline lenders you’ll find in Canada. More choice, better rates, greater flexibility and dozens of purchase, refinance, renewal & home equity programs.
Easy Mortgage Approval
Our application searches from 700+ mortgage offers with various terms, rate types, and lending programs from 65+ mortgage lenders in Canada, that finds your best suited rate for your unique situation.
Award-winning Service
We work relentlessly to improve every aspect of our service, from service to transparent lending solutions. We’re proud and humbled by our clients' and lenders' appreciation to vote us their preferred partner.
Customers Love Us
We always tell our clients, it's not just about the rate! Finding a solution that works for you, instead of costing you more in the future is what our mortgage planning is about.
Mortgage Lenders Love Us
As a volume broker, our lender relations are important. That's what gets us great rates, and this is possible because we know the programs and are efficient with approvals.
Free Mortgage Rate Monitoring
Stay on top of mortgage savings, rate specials, wealth creation tips & investment opportunities. We use AI to compare your rate monthly with available lender offers and find the savings for you.
Canada's Top Independent Mortgage Brokerage
Compare Rates, Lenders and Your Savings
100% Digital Experience, Guaranteed lowest Rates
Easy Mortgage approvals accross Canada & US*
Unbiased Mortgage Advice to help Financial Growth
Streamlined Funding Guaranteed, You're covered!
5 Star Rated Service with Discounted Online Rates
#1 Voted Mortgage Calculators in Canada
Canada's Best
Mortgage Rates
4.04%
Lowest Purchase
3-YR Fixed
Our Mortgage Experts
Dylan James
Mortgage Agent Level 1
Abdoulaye Sow
Mortgage Agent Level 1
Michael Le Chi
Mortgage Agent Level 1
Heith Gharib
Mortgage Agent Level 1
Sara Fresco
Mortgage Agent level 1
Mortgage Learning Center
First-Time Home Buyer Mortgage
First-Time Home Buyer Mortgage Tips for Early 2026
Buying your first home in early 2026 can feel overwhelming—especially in a market shaped by higher interest rates, tighter lending rules, and affordability challenges. The good news is that with the right preparation and strategy, first-time buyers can still succeed.
Here are practical mortgage tips for first-time home buyers in Canada to help you navigate early 2026 with confidence.
1. Know What You Can Truly Afford
Before house hunting, calculate a realistic budget—not just what a lender might approve. Consider:
Mortgage payments
Property taxes
Utilities and maintenance
Condo fees (if applicable)
Understanding your full monthly cost prevents financial strain later.
2. Get Pre-Approved Early
A mortgage pre-approval helps you:
Understand your borrowing limit
Lock in a rate for 90–120 days
Strengthen purchase offers
In competitive markets, pre-approval can make the difference between winning and losing a home.
3. Understand the Stress Test
Canada’s mortgage stress test requires you to qualify at a higher rate than your actual mortgage rate. This can reduce purchasing power—especially for first-time buyers.
Improving credit, reducing debt, and increasing income can help offset this.
4. Choose the Right Mortgage Type
Fixed Mortgages
Offer payment stability and peace of mind—ideal for budget-conscious buyers.
Variable Mortgages
May offer lower initial rates but carry payment uncertainty.
Many first-time buyers in 2026 are choosing shorter fixed terms (2–3 years) for flexibility.
5. Take Advantage of First-Time Buyer Programs
Several programs can help reduce upfront costs:
First-Time Home Buyer Incentive
RRSP Home Buyers’ Plan
Land transfer tax rebates (provincial)
Understanding these programs can significantly improve affordability.
6. Save for More Than Just the Down Payment
Beyond your down payment, plan for:
Closing costs (legal, appraisal, title insurance)
Moving expenses
Emergency savings
Being financially prepared reduces stress after purchase.
7. Work With a Mortgage Professional
Mortgage professionals can:
Compare lenders and rates
Explain complex terms
Help you avoid costly mistakes
For first-time buyers, expert guidance is invaluable.
Final Thoughts
Buying your first home in early 2026 requires careful planning—but it’s absolutely achievable. By understanding your finances, securing pre-approval, and choosing the right mortgage structure, you can enter the market with confidence.
Preparation is the key to turning your first home into a smart long-term investment.
Mortgage Learning Center
First-Time Homebuyer Guide: Getting the Best Mortgage Rates in Canada
Buying your first home is an exciting milestone, but it can also feel overwhelming, especially when it comes to securing the best mortgage rates. With Canada’s diverse housing market and fluctuating m..
Canada's Mortgage Rates in 2025: Trends and Predictions
As 2025 begins, the Canadian mortgage market continues to draw attention, with homeowners, buyers, and investors eagerly anticipating the trends that will shape the housing landscape. Understanding mo...
How to Compare Mortgage Rates in Canada for the Best Deal
When it comes to buying a home in Canada, securing the best mortgage rate is critical to making your investment affordable and financially sustainable. Mortgage rates directly impact monthly payments .
Understanding Fixed vs. Variable Mortgage Rates in Canada
The decision to choose between fixed and variable mortgage rates is one of the most critical choices Canadian homebuyers face.
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Local: 416-827-2626
Toll: 800-725-9946
RateShop Inc. is a Mortgage Brokerage offering lowest mortgage rates to Canadians. We are provincially licensed in the following provinces: Mortgage Brokerage Ontario FSRA #12733, British Columbia BCFSA #MB600776, Alberta RECA #00523056P, Saskatchewan FCAA #00511126, PEI #160622, New Brunswick FCNB #88426, Newfoundland/Labrador.
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