Get Canada's Best Mortgage Rates
Compare Mortgage Rates & Calculate Your Savings Online
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
USA Mortgage
Canada's Best Mortgage Rates
Compare Mortgage Rates & Calculate Your Savings Online
Haggle free Low Mortgage Rates from
Banks, Credit Unions & Private Lenders
Or Get a Free Rate Quote
1800-725-9946
Start Your Online Mortgage Rate Quote
Access Canada's Largest Mortgage Lender Network
Access Canada's Largest Mortgage Lender Network
Trusted Reviews from Real Customers
See why clients love working with us!
Track Your Mortgage from Application & Funding
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
Insider Tips: How to Negotiate the Lowest Mortgage Rate in Any Province
Securing the lowest mortgage rate in Canada can save you thousands of dollars over the life of your loan. Whether you're in Alberta, Ontario, BC, or Manitoba, mortgage rates vary by lender, economic conditions, and your financial profile.
In this guide, we’ll share expert negotiation strategies to help you lock in the best mortgage rates in Canada, along with how tools like Ratehub.ca’s mortgage calculators can help you compare options.
Why Mortgage Rates Vary Across Canada
Mortgage rates depend on several factors, including:
Provincial housing markets (e.g., Ontario and BC tend to have higher rates due to higher home prices)
Bank of Canada’s interest rate decisions
Your credit score, down payment, and debt-to-income ratio
Fixed vs. variable rate mortgages
Using a mortgage broker can help you access brokered mortgage loans, which often have lower rates than big banks.
How to Negotiate the Best Mortgage Rate in Any Province
1. Improve Your Credit Score
Lenders offer the best mortgage rates in Canada to borrowers with strong credit (680+). Check your score before applying and correct any errors.
2. Get a Mortgage Pre-Approval
A pre-approval for a mortgage locks in a rate for 90-120 days and strengthens your negotiating power. Compare mortgage lenders pre-approval offers.
3. Compare Rates from Multiple Lenders
Big banks (posted rate Canada)
Credit unions (often lower than banks)
Mortgage brokers (access to broker mortgage loans with discounted rates)
Use RateShop’s mortgage rate comparison tool to find the lowest mortgage rates in Ontario, BC, Alberta, or Manitoba.
4. Consider a Mortgage Broker
Mortgage brokers have access to best mortgage deals in Canada from multiple lenders, including best mortgage rates Canada 5-year fixed.
5. Negotiate Fees & Discounts
Ask for:
Rate discounts (some lenders offer 0.10%–0.50% off posted rates)
Waived fees (appraisal, administrative costs)
Better terms (flexible prepayment options)
6. Choose the Right Mortgage Type
Fixed-rate mortgages (stable payments, best when rates are low)
Variable-rate mortgages (often starts lower but fluctuates with interest rate for Canada)
7. Increase Your Down Payment
A 20%+ down payment avoids mortgage default insurance and can secure a lower rate.
8. Leverage Home Equity (For Refinancing)
If refinancing a mortgage loan, compare Canada home equity line of credit rates for better terms.
Current Best Mortgage Rates in Key Provinces (2024)
Check Rateshop.ca/current-mortgage-rates for updates.
Final Tips to Secure the Lowest Rate
✅ Use a mortgage calculator to estimate payments before applying.
✅ Compare broker mortgage loans vs. bank rates.
✅ Time your application when rates are trending downward.
✅ Negotiate aggressively—lenders often have flexibility.
Where to Find the Best Rates?
For the lowest mortgage rates in Canada, visit RateShop.ca to compare best mortgage rates Ontario, BC, Alberta, and Manitoba in real time.
Need Help? A mortgage brokerage can help you navigate the best deals. Start your search today and save!
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.
As Seen And heard on
Quick Links
Calculators
Contact Information
6 Indell Lane, Brampton ON L6T 3Y3, Canada
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. Our Quebec Mortgage Transactions are serviced by Orbis Mortgage Group AMF# 181136.
Copyright 2025. RateShop Canada. All Rights Reserved.