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Mortgage brokers, banks and credit unions bid for you

Canada's Largest Mortgage Bidding Platform

Compare mortgage rates in Canada the fast way. Post your mortgage once, verified brokers and lenders compete with real bids, and you choose. Free for homeowners.

Verified, approved brokers and lenders only
No credit check to get bids
4 short steps

Challenge your renewal rate

Step 1 of 4
Who bids

Canada's Lender & Broker Network bid on your mortgage

MBLicensed mortgage brokersOne broker bid can tap dozens of banks, credit unions and private lenders. Usually free to you on prime mortgages.
BKBanksFederally regulated, branch and online.
CUCredit unionsProvincial, member-owned lenders.
MLMonoline lendersMortgage-only lenders.
PLPrivate lendersFast, equity-based lending.
MICMICsMortgage investment corporations.
FDMortgage fundsPooled funds, 1st to 3rd position.
How it works

How does mortgage bidding work?

1

Your property

Start typing the address, pick a nickname and tell us what you need.

2

Your mortgage

Balance, value and your current or offered rate. Round numbers are fine.

3

Borrowers

Credit range and income. No credit check to get bids.

4

Verify and start bids

Confirm your email with a one-time code. Your private bid page goes live.

Then compare and choose. Mortgage brokers and lenders bid; compare up to 4 bids side by side and talk only to the one you pick.

Couple smiling at a laptop while comparing mortgage offers at their kitchen table
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Mortgage renewal

Renewing? Challenge your renewal rate.

Your renewal letter is one lender's offer. Mortgage renewal rates from other brokers and lenders are often lower, and switching at maturity is simpler than most people think.

Get mortgage renewal bids
No penalty at maturityMoving your mortgage when the term ends carries no prepayment penalty.
Start 120 days earlyMany lenders hold a rate for up to 120 days, so you can lock a bid in now.
No stress test on a straight switchUninsured mortgages switching at renewal with no added funds skip the stress test at federally regulated lenders.
Get bids

Which mortgage do you need?

Mortgage renewal

Let lenders beat your renewal offer.

Get bids

Purchase mortgage

Pre-approval and rate holds while you shop.

Get bids

Mortgage refinance

Lower your rate or access equity.

Get bids

HELOC

Home equity line of credit.

Get bids

Home equity loan

A lump sum against your home.

Get bids

Second mortgage

Borrow without breaking your first.

Get bids

Private mortgage

1st, 2nd and 3rd position lending.

Get bids

Self-employed mortgage

Lenders that read business income.

Get bids
Mortgage rates Canada

What are today's best mortgage rates in Canada?

Illustrative rates for an uninsured, owner-occupied mortgage. These are not offers; live bids from verified brokers and lenders replace them as lenders join.
TermRate typeBest bidLender type
5-year fixedFixed4.04%Credit unionRates
5-year variablePrime − 0.75%3.70%BrokerageRates
3-year fixedFixed4.19%MonolineRates
HELOCPrime + 0.50%4.95%BankRates
Calculators

How much mortgage can I afford?

Every calculator runs beside your bids, so the numbers use the rates brokers and lenders actually offered you.

Mortgage calculator Mortgage payment calculator Mortgage affordability calculator Land transfer tax calculator CMHC insurance calculator Mortgage stress test calculator Mortgage amortization calculator Compare up to 4 rates
Family on the front steps of their home holding the keys
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Rates near you

Mortgage rates by province and city

Ontario ONBritish Columbia BCAlberta ABQuebec QCManitoba MBSaskatchewan SKNova Scotia NSNew Brunswick NBNewfoundland and Labrador NLPrince Edward Island PE
Toronto ONVancouver BCMontreal QCCalgary ABEdmonton ABOttawa ONWinnipeg MBMississauga ONBrampton ONHamilton ONSurrey BCHalifax NSQuebec City QCLondon ONVictoria BC
Questions

Mortgage bidding, answered

What is a mortgage bidding platform?

You describe your mortgage once. Verified brokers and lenders send bids with their rate, term and conditions. You compare them and choose who to talk to.

Is it free to get mortgage bids?

Yes. Homeowners pay nothing. Participating brokers and lenders pay MortgageBids.ca a referral fee.

Who bids on my mortgage?

Licensed mortgage brokers, banks, credit unions, monoline lenders, private lenders, MICs and mortgage funds. Each is approved by our team before it can bid.

Will getting bids affect my credit score?

No. Bids are based on what you tell us. A credit check happens only when you apply with the broker or lender you choose.

Mortgage broker walking a couple through their options
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Mortgage brokers

Why you want a mortgage broker's bid

Licensed mortgage brokers bid alongside banks and credit unions on MortgageBids.ca. A broker can shop your mortgage across many lenders at once and bring back terms you won't find posted online.

Dozens of lenders, one bid. Big banks, credit unions, monoline, alternative and private lenders.
Usually free to you. On prime mortgages the lender pays the broker; any fee must be shown on the bid.
Help when it's not simple. Self-employed, rebuilding credit, rentals or a tight closing date.
Licensed and shown on every bid. FSRA, BCFSA, RECA, AMF and other provincial regulators.
Get broker and lender bidsWhy use a mortgage broker