Why we built MortgageBids.ca
Most Canadians accept the first renewal letter or the first rate their bank offers. We think lenders should compete in the open, with every term explained in plain English.
How we operate
MortgageBids.ca refers mortgages to cooperating mortgage brokers and lenders under the licensing of Lendmax Inc., FSRA licence #13398. Participating brokerages are individually owned and independently operated, and participating lenders are regulated; each bids only in the markets where it holds federal or provincial licensing. MortgageBids.ca may receive compensation for these referrals. Submit regulatory and compliance requests to compliance@mortgagebids.ca.
Licensed mortgage brokers bid alongside banks, credit unions and private lenders on MortgageBids.ca. One broker bid can tap dozens of lenders, and on most prime mortgages the lender pays the broker, not you. Why use a mortgage broker · Get broker and lender bids
Challenge your mortgage rate
Connect with verified brokers and lenders bidding on your mortgage. Free for homeowners, four short steps.