Rate Tips

The Best Mortgage Rates in Canada Are Right Here!

We spy on the best mortgage rates in Canada 24/7, helping you compare mortgage rates from virtually every lender and top mortgage broker in the country. RateSpy.com’s proprietary technology scans thousands of mortgage websites multiple times a day so you know exactly where to find the best deals.

Unlike other rate comparison sites, we don’t ignore providers who don’t pay us. We list the lowest rates from all reputable sources so you don’t need to look elsewhere.

The Spy’s mission is to be:

  • 100% transparent
  • 100% unbiased
  • The leader in comparing Canadian mortgage rates.

How to Search the Lowest Mortgage Rates

The biggest mistake borrowers make is focusing on the lowest rate when they should be looking for the best rate. There’s a difference. The best rate is the one that entails the least cost of borrowing. It factors in the upfront interest cost, all fees and closing costs, the penalty for breaking the mortgage early, portability privileges, refinance restrictions, prepayment rights, the option to borrow more before maturity, flexibility in blending the rate, rate conversion features and so on.

Before settling on any mortgage you see here, remember that contract flexibility can save you far more than a small rate difference. Pick up the phone or email the mortgage broker or lender and have them compare their rate against the competition. Smart spies know the devil is in the fine print.

current best rates
Start here by entering your Home Value and Mortgage Size

Compare Canadian Mortgage Rates

get started now!

Home Value


Mortgage Size



mortgage rate news

@MCM_XCI Principal payments are also boosted by lower rates. Perhaps NBC views bigger principal payments positively because they result in more forced savings & equity accumulation over time. Larger loans correlate w/ higher values—which also correlate with higher capital gain potential.

“On a positive note...[principal] repayments as a percentage of disposable income remain near all-time highs for both non-mortgage and mortgage debt."—National Bank econ, Krishen Rangasamy

call nowcall now get rateget rate
Mortgage Details
Rate Hold
Lump Prepayments
Payment Increase
Double-up Payments
Permitted Loan-to-Value
Provider Type
Provinces Served
Rate History
Last Updated
Previous Update
Prior Rate
Latest Rate Change
Rate ID #
Terms & Conditions | Report Error
Payment Information
Mortgage Amount
Amortization (Years)
Monthly Payments
Provider Notes
Rate Notes