the spy compares 2840 rates
from 320 companies
across canada

Compare Canadian Mortgage Rates

get started now!
Home Value ($)
Mortgage Size ($)

Rate Tips

Canada's Best Mortgage Rates Are Right Here! uncovers Canada’s best mortgage rates by comparing virtually every lender and top mortgage broker that publicly quotes them. The Spy’s proprietary technology then 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 the providers who don’t pay us. We list the lowest rates from all reputable sources.

The Spy's mission is unwavering: Be 100% transparent, be totally unbiased and be the leader in Canadian mortgage rate comparisons.

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.

Click here to subscribe for the latest rate news!
Rate Tweets
Risk Sharing & Your Mortgage

Everything’s a risk these days. You can’t even kiss your dog for risk of contracting some zoonotic disease. Even prime insured mortgages—where the odds of a borrower defaulting are less than your odds of being on a plane with a drunken pilot—are...

Rate Inertia Persists (For Now)
Rate uncertainty

Variable-rate holders can sit back in their easy-chair. Prime rate is cemented at 2.70% after the Bank of Canada pushed out its forecasted economic recovery for the umpteenth time. The Bank said there’s now “heightened uncertainty” in its rate outlook, as if it...