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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
4.09%
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
Guest Post: How to Navigate Rising Rates as a First-Time Homebuyer
Buying your first home is an exciting milestone, but rising interest rates in Canada can make the process feel overwhelming. With Canada mortgage lending rates on the rise, it’s essential to understand how to secure the best mortgage rates and navigate the current market. In this guide, we’ll walk you through actionable tips to help you make informed decisions as a first-time homebuyer.
Understanding Canada’s Rising Interest Rates
Interest rates in Canada have been steadily increasing, impacting mortgage rates and Canada’s housing market. For first-time buyers, this means higher monthly payments and tighter budgets. However, with the right strategy, you can still find lowest mortgage rates and make homeownership a reality.
Tips for First-Time Homebuyers in a Rising Rate Environment
1. Get Preapproved for a Mortgage
One of the first steps you should take is to get preapproved for a mortgage. A mortgage loan pre approval not only gives you a clear idea of your budget but also shows sellers that you’re a serious buyer. Work with pre approved mortgage lenders to compare offers and secure the best Canadian 5-year mortgage rates.
2. Use Mortgage Calculators
Before committing to a loan, use online mortgage calculators to estimate your monthly payments based on current mortgage rates best rates. This will help you understand how rising rates impact your affordability and plan accordingly.
3. Explore Fixed vs. Variable Rates
When comparing best mortgage rates Canada 5-year fixed versus variable rates, consider your risk tolerance. Fixed rates provide stability, while variable rates may offer lower initial payments but come with uncertainty.
4. Consider Refinancing the Mortgage Later
If rates drop in the future, you can explore refinancing of mortgage to lower your payments. Keep an eye on market trends and consult with your lender to determine if refinance on mortgage is a viable option.
5. Shop Around for the Best Mortgage Loan Rates
Don’t settle for the first offer you receive. Compare best mortgage rates from multiple lenders to ensure you’re getting the most competitive deal. Look for lenders offering best Canadian 5-year mortgage rates or other terms that suit your financial goals.
Why Timing Matters
Timing your purchase can significantly impact the interest rates for Canada you’ll secure. While it’s impossible to predict the market perfectly, staying informed about trends and working with a trusted mortgage advisor can help you lock in a favorable rate.
Final Thoughts
Rising interest rates don’t have to derail your dream of homeownership. By getting pre approval for mortgage loan, using tools like mortgage calculators, and shopping around for the best mortgage rates Canada 5-year fixed, you can navigate the market with confidence.
Ready to take the next step? Start by getting preapproved for a mortgage and explore your options today!
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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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. Our Quebec Mortgage Transactions are serviced by Orbis Mortgage Group AMF# 181136.
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