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Compare Canadian Mortgage Rates

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Canada's Best Mortgage Rates Are Right Here!

We spy on Canada’s best mortgage rates 24/7, letting you compare mortgage rates from virtually every lender and top mortgage broker in the country.’s proprietary technology scans thousands of mortgage websites four 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 Canadian mortgage rate comparison.

How to Use This Site

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 to blend 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 provider and have them compare their rate against the competition. Smart spies know the devil is in the fine print.

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Rate Tweets
Another Nail in Competition’...

As previously announced, CMHC is jacking up default insurance premiums on Canadian borrowers. Effective today, anyone purchasing a home with less than 20% down will fork over up to 1.00%-point more in fees. If you’re down payment is: Less than 10%: You’ll pay...

The Fed Pulls the Trigger. What No...

Opps!…They…Did…It…Again. For the third time in 11 years, the planet’s monetary policy superpower has elevated America’s key lending rate by 1/4 point. Now it’s a question of how Canadian rates will react. In and of itself, one highly anticipated U.S....