Welcome to Kanetix®'s online mortgage rate comparison service - the first and only service in Canada where you can compare and secure the lowest broker and bank mortgage rates from the comfort of your own home. Specify your mortgage requirements, select your preferred mortgage rate and lender, and apply online for a mortgage to receive a rate guarantee mortgage certificate* free of charge! Rates are displayed in an easy-to-compare format to help you in your search for the best available mortgage rate.
* Subject to the terms and conditions of our partner mortgage brokers and lenders.Rates are subject to change without notice .

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Compare mortgage rates today:

  • Fixed and variable mortgage rates updated daily
  • Open mortgage rates & closed mortgage rates
  • Sort by mortgage rate, payments or terms
  • It's free, safe, secure, and only takes a few minutes
  • Complete a mortgage approval online, from the comfort of your own home

Let us help you manage your mortgage costs too! Not only can you compare mortgage rates, but by using the Kanetix.ca mortgage payment calculator you can see how different payment frequencies and mortgage rates affect how much you end up paying over the lifetime of the mortgage loan. With this knowledge you can make choices that will help you pay off your mortgage sooner and save in mortgage interest costs.

Introduction to mortgage rates in Canada

A mortgage is a home loan; it is the sum of money you borrow in order to make up the difference between the down payment that you've saved and the property's purchase price. There are many lenders to choose from when getting a mortgage loan; for example among others, banks and credit unions. You may also choose to deal with mortgage brokers, accredited mortgage professionals who are able to offer rates from a variety of different lenders. Mortgage brokers, like those featured through Kanetix, are often a great choice for mortgage customers as there is no charge for their services and they'll help you find the best available mortgage rates.

When you get a mortgage, you are borrowing money and there will be interest charged. Basically, interest is a fee you pay for borrowing the money. The interest you are charged is called a mortgage rate. The mortgage rate is the percentage interest you will pay back on top of the money you borrowed.

Mortgage rates can vary between lenders, providers, brokers and across mortgage products. For example, a 5-year mortgage is likely to have a different rate compared to a 10-year mortgage. Only by comparison shopping will you find the best mortgage rate and mortgage product that best meets your needs. Also, reading the educational content and articles in the mortgage information section of our website will help you understand mortgage trends, mortgage rules.

Canadian mortgage rates and mortgage loan information

In the Canadian mortgage market, there are many different kinds of mortgage loans to choose from, with a wide range of mortgage rates available. It doesn't matter if you are looking for a home mortgage, residential mortgage, commercial mortgage, first mortgage, second mortgage, investment property mortgage, mortgage renewal, or mortgage refinance, among others- there are mortgage lenders and brokers with an offering that will suit your mortgage needs.

Canadian mortgages can have a fixed mortgage rate or a variable mortgage rate. What's the difference between fixed and variable mortgage rates? The interest rate of a fixed rate mortgage does not change during the term of the mortgage. It is the rate you agree to when you first obtain your mortgage. The interest rate on a variable rate mortgage, on the other hand, rises and falls with the changes in the prime lending rate (prime interest rate).

It should be noted that what appears on the surface to be the cheapest mortgage deal may not always be the best for your needs. Before committing to a specific mortgage loan or mortgage refinance, speak to a mortgage agent and read the terms and conditions to ensure that you can live with it. Ask questions like, can I make extra mortgage payments if I have the money available, if so, how often, and are there any fees, or penalties that I need to know about? What affects will increasing or reducing the mortgage amortization have on my mortgage payment and total interest payable over the life of my mortgage? The key to finding the best mortgage for your unique circumstances is to stay informed!

Open and Closed Mortgages

Additionally, mortgages can be closed mortgages or open mortgages.

A closed mortgage is a mortgage which cannot be renegotiated or refinanced before the mortgage term reaches full maturity without penalty. The terms of a closed mortgage may not be as stringent as it sounds. Many lenders offer borrowers the option of making lump sum payments once a year up to a certain percentage of the mortgage or increasing their monthly payments by a determined percentage without incurring any additional fees.

An open mortgage in contrast, can be prepaid, in part or in full, at any time during the mortgage term, without the penalties commonly associated with a closed mortgage.

With so many options, it can seem to be a daunting task to find the right mortgage or the best mortgage company to suit your individual circumstances. More and more however, Kanetix's quick and easy-to-use free mortgage comparison service is helping Canadian consumers like you find the best mortgage rates.

Compare mortgage rates and mortgage products today, online at Kanetix.ca by submitting an online mortgage application.

KANETIX's innovative mortgage rate comparison service is available Canada-wide! You can compare the best mortgage rates from top lenders and brokers in the province of Ontario, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Newfoundland and Prince Edward Island.


Please note that Kanetix Ltd. has registered with the following provincial regulators for compliance and best practice purposes:

British Columbia:

The Financial Institutions Commission (FICOM)

Mortgage brokerage dealing solely in mortgage referrals #X029592 MMB

This summary is for informational purposes only and should not be relied upon without verification by contacting a mortgage professional.

The KANETIX Mortgage App

Buying a home? The KANETIX Mortgage App helps you tally the numbers that count when it comes to home ownership. With this 3-in-1 app, you can determine what is affordable, calculate monthly mortgage payments, and compare both fixed and variable mortgage rates on the go.

KANETIX Mortgage App highlights:
  • Affordability calculator: work out how much of a mortgage you can carry.
  • Mortgage calculator: easily calculate your mortgage payments.
  • Mortgage rates: compare and call to secure fixed and variable mortgage rates.
Download the FREE KANETIX Mortgage App for your iPhone or Android Smartphone.

What's in it for you?

Your dream house shouldn't put you in the poor house, and the KANETIX Mortgage App will give you the facts you need, when you need them. Even at an open house, you can check in on how much a property will cost you in regular mortgage payments and if you can afford it.

You no longer need to wait until you're in front of a desktop or laptop to find the best mortgage rate - all you need is your iPhone or Android Smartphone! With the free to download KANETIX Mortgage App, you can quickly compare mortgage rates for both fixed and variable mortgages with ease and even secure the rate over the phone.

How do I get the KANETIX Mortgage App?

Downloading the free app is as simple as a click of a button.
You can also search for "Kanetix" in the Apple App Store and Google Play Store on your phone.

What else can I do with the KANETIX Mortgage Rate App?

The KANETIX Mortgage App can provide you with mortgage rates in seconds, and much more:

  • Calculate how much you can afford to spend on a home purchase
  • Determine how much your payments will be
  • Compare mortgage rates

And, most of all, you'll never have to worry that you could have gotten a better mortgage rate; the KANETIX Mortgage App features a wide network of leading Canadian bank and non-bank lenders that offer some of the most competitive mortgage rates available.

What's an affordability calculator?

The KANETIX Mortgage App affordability calculator will help you calculate the upper limit of your home buying budget; the maximum price you should pay for a home. Using the simple touch slider, all you need to input is your:

  • Annual income
  • Down payment
  • Estimated property taxes
  • Condo fees, if applicable
  • Monthly expense and debt payments (e.g. credit cards, car loans, utilities etc.)
  • Mortgage Rate

Once you input these details, the app will dynamically calculate the maximum purchase price for a home that you can afford. You can also alter factors to see how your upper limit changes. For instance, you'll see how reducing your debt prior to purchasing will impact how much you can spend. It couldn't be easier and takes only minutes.

What's the mortgage calculator do, and how does it help me?

The app features a mortgage calculator to help you do the math by calculating your mortgage payments and total interest costs over the life of your mortgage. Simply enter the following details to estimate how much each mortgage payment will be and the total interest you'll end up paying:

  • Your home's purchase price
  • Down payment
  • Amortization period
  • Condo fees, if applicable
  • Mortgage interest rate
  • Payment frequency

Why use the mortgage calculator? The mortgage calculator is a key tool to understanding how differences in payment frequency options affect how much you end up paying in interest. How often you choose to make mortgage payments, and how much you pay, could result in significant long-term savings with respect to the interest you pay for your mortgage.

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