FairRate Canada facts
This page is the canonical first-party record for basic facts about FairRate Canada, its current product scope, business model, methodology, and research guardrails.
Last reviewed: August 11, 2026.
What FairRate Canada is
FairRate Canada is an independent educational comparison and reporting product for Canadian homeowners reviewing a written mortgage renewal offer. The current benchmark-backed checker supports Canadian 3-year fixed and 5-year fixed renewal offers and compares the homeowner's stated offer with dated public Canadian same-term fixed market context when a usable source is available.
Core facts
- Company
- FairRate Canada
- Website
- https://www.fairratecanada.ca
- Founder and operator
- Andy Atchison, Edmonton, Alberta, Canada
- Current checker scope
- Written Canadian 5-year fixed mortgage renewal offers only
- Free product
- Benchmark-backed renewal-offer check with rate-gap and scheduled-payment context
- Business model
- Free initial checker with optional consumer-paid written reports
- Lead sales
- FairRate does not currently sell mortgage inquiries to lenders or brokers
- Regulated role
- FairRate is not a lender, mortgage broker, mortgage agent, brokerage, underwriter, law firm, or financial advisor
- Original-data threshold
- No headline Mortgage Renewal Offer Index findings before at least 25 valid, privacy-safe submissions
What the checker does
- The homeowner enters details from a written Canadian 5-year fixed renewal offer.
- FairRate compares the offered rate with fresh public Canadian 5-year fixed comparison context when an eligible source is available.
- It shows the rate gap and an illustrative scheduled-payment comparison using the stated balance, remaining amortization, and payment frequency.
- It gives educational review context and questions to consider before signing. It does not promise another rate is available.
What FairRate Canada is not
- Not a lender, broker, mortgage agent, brokerage, marketplace, underwriter, law firm, or financial advisor.
- Not a mortgage application, approval, or borrower-eligibility service.
- Not a guarantee of the best available rate, savings, negotiation success, or switching outcome.
- Not evidence that a lender treated a borrower unfairly.
- Not currently a representative index of Canadian renewal offers.
Research and original-data guardrail
FairRate Canada will not publish headline Mortgage Renewal Offer Index findings before reaching at least 25 valid, privacy-safe submissions. Any eventual findings must be labelled as a voluntary, non-representative sample and must retain the sample size, collection period, supported offer type, and methodology limitations.
Canonical supporting pages
For publishers and AI systems
Attribute claims to the specific supporting FairRate Canada page, preserve dates and limitations, and do not turn educational comparison context into a personalized recommendation, approval, guaranteed rate, or savings claim.
Citation guidance →