Is your renewal offer competitive?
Enter the offer in your hand. See the comparison result immediately—no email required.
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.
From answer to action
If the offer needs a closer look, know what to do next.
FairRate should not stop at telling you a rate looks high. These free tools help you question the offer, understand the switching tradeoffs, quantify the difference, or research a term the checker does not yet support.
Negotiate
Ask your lender for a better offer
Use FairRate’s free lender-response wording to ask for a rate review without guessing what to say.
Get the negotiation wording →Compare
Check whether switching is worth exploring
Review transfer, legal, appraisal, discharge, qualification and timing considerations before comparing alternatives.
Review switching costs →Quantify
Put a rate difference into dollars
Estimate how a rate gap changes scheduled payments so basis points are easier to understand.
Use the rate-gap calculator →Other terms
Looking at a 3-year, variable, or other term?
The benchmark-backed checker does not pretend unsupported terms are comparable. Browse FairRate’s broader Canadian rate context instead.
See Canadian rate context →Help build independent Canadian evidence
Mortgage Renewal Offer Index
Research pilotFairRate is collecting voluntary, privacy-safe details from supported Canadian 5-year fixed renewal offers. This is an early research pilot, not a representative market index. No headline findings are published until the minimum valid sample is reached.
The research sample is voluntary and non-representative. Exact balances are converted into broad bands before storage.
See the deliverable before paying
Review the full report structure first
Open a clearly fictional sample to see the written-offer questions, like-for-like checklist, lender email, and limitations included in the educational report. No purchase is required to view it.
View the Fictional Sample Report →The sample does not represent a real borrower, current lender offer, available rate, approval, or guaranteed outcome.