Home affordability improved in August
Affordability ticked up in August, but rising fixed rates could erase some of the gains. Frederick reads the trend line and helps you decide whether to choose a fixed rate now or stay with a variable rate.
Mortgages
How do you compare mortgage rates in Canada?
Frederick helps you compare mortgage options from different banks and lenders for your project.
Mortgage options
A fixed rate stays unchanged during the selected term. A variable rate may change. Frederick can help you compare mortgage options.
How closing works
How does Frederick guide your mortgage project?
Frederick guides you from comparing mortgage options through to financing your project.
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Compare personalized rates
Share your goals, down payment, and timeline. Frederick surfaces personalized offers from Canada's top banks and lenders, not the generic posted rates displayed on lender websites.
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Apply and book your phone appointment
Choose the rate that fits, submit an online application, and book a call with Frederick, a licensed mortgage broker. Pre-approvals come back within 24–48 hours in most cases.
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Close and fund
Upload documents through a secure portal. Frederick coordinates with the lender, appraiser, and notary and takes care of the details so you can focus on the property.
Product menu
Which mortgage terms and calculators should you look at?
Compare mortgage options and discuss the numbers with Frederick for your project.
Fixed-rate terms
- 2-year fixed: the shortest common term; useful if you are renewing and want to wait out a rate cycle.
- 3-year fixed: a balance between flexibility and payment certainty.
- 5-year fixed: Canada's most popular term; five years of predictable payments.
Variable-rate terms
- 3-year variable: a shorter commitment that tracks prime.
- 5-year variable: the classic prime-minus product with the widest lender pool.
- Historical rate context: Frederick reviews past cycles so today's choice is informed, not reactive.
Planning calculators
- Payment calculator: see how weekly, bi-weekly, or monthly payments change your interest cost.
- Affordability calculator: a realistic ceiling on what you can borrow given your income and debts.
- Welcome tax (land transfer duties) calculator: location-specific closing costs so nothing is a surprise on funding day.
Working through the numbers first is optional: Frederick can walk you through them on the introductory call.
Market context
What is shaping Canadian mortgage rates in 2026?
Three current storylines are moving the numbers Frederick quotes each week. He factors these into every conversation so your rate hold and term decision reflect where the market is, not where it was six months ago.
US tariffs and Canadian rates
US tariff policy on Canadian imports affects the Bank of Canada's rate path, and, downstream, your variable-rate payment. Frederick briefs clients on the plausible outcomes before recommending fixed versus variable.
Ten of thirteen markets more affordable in July
Home affordability improved in 10 of 13 Canadian markets in July 2026. Quebec's cities are among the movers, a reason many refinancers and repeat buyers are checking their options right now.
Frederick follows these trends and brings them into every consultation.
Mortgage FAQ
Frequently asked mortgage questions
Straightforward answers to the questions Frederick fields most often when clients start comparing mortgages. If yours is not covered, ask it on the introductory call. There are no wrong questions.
Is a fixed or variable mortgage better in Canada right now?
Neither is universally better: the right choice depends on your risk tolerance, planning horizon, and cash flow cushion. Fixed rates lock in your payment for the term; variable rates have historically cost borrowers less but move with the Bank of Canada's policy rate. Frederick walks you through both scenarios with real numbers tied to your file so the decision is informed.
How often do Canadian mortgage rates change?
Fixed rates move with bond yields and can shift several times a week. Variable rates follow the Bank of Canada's policy rate, which is announced on eight scheduled dates a year. Because Frederick pulls live pricing at application time, the rate you see in a comparison table is checked against what the lender will actually honour that day.
What is a rate hold and how long can Frederick secure one?
A rate hold reserves today's quoted rate for you while you shop, close, or wait for renewal. Depending on the lender and product, Frederick can secure holds of 30, 60, 90, or up to 120 days. If rates drop during the hold, most lenders let you re-price down before funding. Frederick manages that on your behalf.
Can I refinance or renew with Frederick even if I closed my original mortgage elsewhere?
Yes. Frederick handles refinances, renewals, and transfers regardless of who originated the mortgage. The ideal time to start is about four to six months before your maturity date: that leaves time to compare offers, and Frederick can then secure a rate hold (up to 120 days, depending on the lender) before your current lender sends its renewal letter.
Your next step
Get a personalized mortgage quote from Frederick.
Book a 15-minute call. Frederick will pull live rates from Canada's top lenders, run the affordability math against your file, and email a written comparison the same day. There is no cost and no obligation.
- Phone 514-979-8604
- Email frederick.amar@ratehub.ca
- Service area Quebec, Canada