Free Renewal Check

Before you accept your bank's renewal offer, check the spread.

Enter your renewal details. We'll instantly show you how your rate compares to the current Bank of Canada benchmark — for free.

FairRate is an independent information tool. Not a mortgage broker, lender, or financial advisor. Rate benchmarks are from Bank of Canada published data — for informational purposes only. Not financial advice. Consult a licensed mortgage professional before making any mortgage decision.

See exactly what you get before paying

Before you sign your renewal offer, see how it compares.

Sample report — CA$450,000 mortgage, 5-year fixed, renewal offer at 4.89%

Renewal Defense ReportSample

Fairness Verdict

Slightly Above Market

Bank of Canada Benchmark Comparison

Your renewal offer

4.89%

5-year fixed

BoC benchmark

4.34%

Insured 5yr+ avg

Estimated Annual Cost Gap

CA$2,475

More per year than the BoC benchmark · Over 5 years: CA$12,375

Negotiation ScriptPaid

"I'd like to discuss my renewal rate. Based on Bank of Canada published data for 5-year fixed uninsured mortgages, the current national average is significantly below the rate you've offered. I'd like to request you match the BoC benchmark of 4.34%, or explain why your offer sits 55 basis points above this published rate. I'm prepared to explore alternatives if we can't reach an agreement — and I have the data to back that decision."

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Includes negotiation script, benchmark detail & action plan

Example only. Your actual result depends on your balance, quoted rate, term, rate type, province, and the latest available benchmark data when your report is generated.