Your lender sent a renewal offer. Is it actually competitive?
Check a supported Canadian 3-year or 5-year fixed renewal offer against fresh, same-term public market context before you accept it. Start free in about a minute.
See What the Check ShowsBenchmark-backed support is currently for Canadian 3-year fixed and 5-year fixed renewal offers. FairRate compares each offer only with same-term context. Variable-rate and unsupported terms should not be compared against these fixed-term references.
3-year fixed
Dedicated 3-year renewal checker
Use the 3-year checker for a 3-year fixed renewal. It uses 3-year fixed market context and keeps the comparison term-correct.
Open 3-Year Checker →5-year fixed
Current Canadian 5-year fixed context
As of September 22, 2026
- Competitive 5-year fixed reference
- 4.00%
- Typical 5-year fixed context
- 4.24%
Public Canadian 5-year fixed mortgage-rate pages · not a lender offer
Public Canadian 5-year fixed mortgage-rate pages · not a lender offer
Public comparison context is not a lender commitment, qualification result, or guarantee that a displayed rate is available to you.
The decision, not another rate table
Know what to do with the offer in your hand.
FairRate is built around your actual renewal offer—not just a list of advertised rates.
Is the rate competitive?
See how a supported offer compares with fresh public Canadian context for the same fixed term.
What could the difference mean?
Review scheduled-payment context so a rate gap is easier to understand in practical terms.
What should I ask next?
Use clear questions about rate, penalties, product terms, switching costs, and available alternatives before signing.
Review a major-bank renewal offer
Start with lender-specific renewal context, then use the benchmark-backed checker for a supported 3-year or 5-year fixed renewal offer.
Start free. Go deeper only if you need to.
The free checker gives you the initial comparison. Optional paid reports add a written review and broader renewal decision context.
CA$24
Rate Fairness Report
A written supported-rate review, scheduled-payment context, questions to ask, and lender-response wording for supported 3-year or 5-year fixed renewal offers.
CA$49
Full Renewal Decision Report
Adds broader educational review of fees, penalties, product terms, stay-vs-switch questions, and a before-you-sign checklist.
Get renewal-rate updates
Optional email updates can help you keep an eye on the market as your renewal approaches.
Frequently asked questions
What does FairRate Canada help me decide?
FairRate Canada helps you review whether a supported Canadian 3-year or 5-year fixed mortgage renewal offer appears competitive against current public same-term comparison context before you accept it. It also helps you identify questions to ask before renewing.
Is FairRate Canada a mortgage broker?
No. FairRate Canada is an independent educational comparison tool. It is not a mortgage broker, mortgage agent, lender, law firm, or financial advisor. It does not arrange mortgages or make lending decisions.
What Canadian renewal offers does the benchmark-backed checker support?
The current FairRate Canada benchmark-backed checker and paid benchmark reports support Canadian 3-year fixed and 5-year fixed renewal offers. Each offer is compared only with same-term public market context. Variable-rate and unsupported terms should not be compared against these fixed-term references.
Will a broker or lender call me?
FairRate Canada does not sell your mortgage inquiry to brokers, banks, or lenders. Paid FairRate Canada reports are consumer-paid products.
What benchmark data does FairRate Canada use?
FairRate Canada uses fresh public Canadian mortgage-rate context for the supported fixed term when a usable source is available. Bank of Canada data may be used for broader context. Public comparison data is not a lender quote, approval, or guarantee that a rate is available to you.
Important limitation: FairRate Canada is an independent consumer-paid educational comparison and reporting product — not a lender, mortgage broker, mortgage agent, law firm, financial advisor, or mortgage underwriter. FairRate does not arrange mortgages, take applications, approve credit, or sell mortgage inquiries to lenders or brokers. The current benchmark-backed checker and paid benchmark reports support Canadian 3-year fixed and 5-year fixed renewal offers and use fresh public same-term fixed comparison context when a usable source is available. Variable-rate and unsupported terms should not be compared against these fixed-term references. Broader Bank of Canada data may be used for contextual purposes. Results are not a lender quote, approval, qualification result, personalized advice, or guarantee of a lower rate or savings. Verify current rates, eligibility, fees, penalties, product terms, and switching costs with the relevant lender and, where appropriate, a licensed mortgage professional or other qualified advisor.