How FairRate Canada makes money
Short answer
The checker is free for borrowers. FairRate earns money from optional paid reports and, if you choose to be introduced to a mortgage broker, may earn a referral fee. We’ll always ask first, and your result never depends on it.
Rate Fairness Report
CA$24
A written fairness verdict, benchmark comparison, cost-gap estimate, negotiation questions, and copy/paste lender email.
Full Renewal Decision Report
CA$49
Adds switch-vs-stay analysis, term strategy notes, prepayment and penalty warning checklists, broker quote checklist, phone script, and before-you-sign checklist.
The free checker comes first. A paid report is optional and is meant for borrowers who want a written explanation before responding to a lender renewal offer.
The free checker and paid reports do not require a mortgage application or broker introduction.
Optional broker introductions and referral fees
If you choose to be introduced to a licensed mortgage broker, FairRate may earn a referral fee from that broker. We’ll always ask first, and your result never depends on it. Broker introductions are not offered on the site yet.
An introduction happens only at your request. Your information is shared with a broker only if you ask for an introduction and consent. Completing a check or buying a report does not authorize an introduction.
How assessment independence is maintained
The free check and paid reports compare a written renewal offer with dated public rate context. No lender or broker pays for, or can change, that comparison. Borrowers may use the result with any provider.
FairRate's role
FairRate publishes educational comparisons. FairRate does not assess, recommend or arrange mortgages. Mortgage advice, applications, qualification and lender arrangements are handled by licensed mortgage professionals and lenders.