The lowest mortgage rates in Canada.
Today’s lowest rate in our network is 3.60%. We find the lowest real cost — not just the headline rate — by shopping broker-channel pricing across 50+ lenders on one application. No bureau pull to start.
Lowest illustrative rates; your file (credit, income, LTV) sets your personalized rate. See the full live board →
What actually gets you the lowest rate
Counter-intuitively, an insured high-ratio mortgage usually gets the lowest rate — the insurance removes the lender's risk, so they price it sharpest.
The wholesale rate brokers access is typically 15-30 bps below a bank's posted rate. You can't get it walking into a branch.
A 680+ score, provable income and a standard property unlock the best tier. Bruised files still have options — just at a different tier.
Lowest rate vs. lowest cost
The lowest advertised mortgage rate and the cheapest mortgage aren’t always the same thing. Some rock-bottom “no-frills” products restrict your prepayments, only let you break the mortgage on a bona-fide sale, or carry a brutal Interest Rate Differential (IRD) penalty. Since most Canadians break or refinance before their 5-year term is up, a rate that’s a few bps higher but flexible frequently costs less over the life of the mortgage. We optimize for your lowest real cost — rate plus penalty risk plus features — not just the headline number on a comparison site.
That said, the lowest rate still comes from the same three levers: an insured or insurable file (under-20%-down insured mortgages are usually priced sharpest because the lender’s risk is covered), broker-channel pricing that’s typically 15-30 bps below a bank’s posted rate, and a clean file — strong credit, provable income, standard property. Line all three up and the lowest lender wins your business.
We shop those levers across 50+ lenders on a single application, then hold your best rate for 90-120 days with a pre-approval. Compare the lowest by term, by lender, or by province, and run your numbers on the payment calculator.