Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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With more than 80 percent Canadian households using internet and ever growing smart phone users make internet an essential tool for research. Internet is being scoured daily for many information, including mortgage rate. Using search engines like Google, Yahoo, Bing and many other tools, forums – a consumer tries to ensure that due diligence is done before buying anything. Mortgage rate and term is no exception to that. The purpose of this post is not to index the entire Canadian mortgage industry but to try to come up with a reasonable summary.

Let us start with online rates first. There are mortgage brokers and lenders who advertise on-line about their best rates:


There are number of other lenders (not including the private lenders) in Canada not included in the list above. A large list of CMHC approved lenders can be found here.

Next – there are on-line mortgage brokers who advertise rates very aggressively. It is obvious that all the names can not written in this post but the list below should provide an overall rate information.
A note of caution in this: the public rates can change anytime without notice and they neither reflects what rate you as a borrower would qualify for, nor that is the lowest rate.

Off or On-line brokers:

There are many more brokers and lenders who may be better than those stated in the list above. The purpose of this list is to help you with your research.

Now that you know about rates a lot more than before, it is possible that you may be able to bargain the best rate for yourself. Just make sure that you pay similar attention to the other aspects of a mortgage as well.

Note: To err is human, so, if I miss something please be kind enough to point out.


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