See today's lowest mortgage rates in Canada. Starting at 4.79%

Buying, made easy

Save up to $3,000/year in mortgage interest.

Ask a mortgage expert: 1-844-415-8263

Here’s how it works:

  1. Add your details to see what you can afford
  2. Get pre-approved, connect with a realtor and start house hunting
  3. Work with a Perch advisor to pick your mortgage
  4. Stay connected with automated alerts

See how Perch makes buying easier

We’ve helped thousands of users get their perfect mortgage

“Perch was phenomenal with helping us secure an outstanding mortgage rate for our rental property. Very knowledgeable, professional and responsive.”

Sean Rental property owner

“Perch made it easy for me to get a pre-approval and gave me the best rate, and helped me understand what the process is like for applying and getting approved.”

Sajad First time buyer

“It was really nice to be able to do everything online since we have a very busy schedule and not much time to be meeting with brokers.”

DanielleFirst time buyer

“Perch was phenomenal with helping us secure an outstanding mortgage rate for our rental property. Very knowledgeable, professional and responsive.”

Sean Rental property owner

“Perch made it easy for me to get a pre-approval and gave me the best rate, and helped me understand what the process is like for applying and getting approved.”

Sajad First time buyer

“It was really nice to be able to do everything online since we have a very busy schedule and not much time to be meeting with brokers.”

DanielleFirst time buyer

Personalized mortgages

At Perch, we know that one size doesn’t fit all when it comes to mortgages. We have access to mortgages from banks, credit unions, B lenders and private lenders as well as experienced mortgage advisors available 7 days a week, who can give you strategy support so you can get the mortgage that's right for you.

Whether you’re thinking of buying or ready to buy, Perch can tell you exactly how much mortgage you qualify for today. If you don’t qualify just yet, we’ll show you what you can do to become qualified so you can reach your goals sooner.

Looking for a specific term, rate type or amortization? Need a fast mortgage approval or trying to find a better rate compared to your existing offer? Our analytics platform will use the information you provide and will compare over 1,000 mortgage offers to show you the best options.
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Save time and money

We all know the mortgage process can be time consuming and frustrating, but it doesn't have to be. We’ve streamlined the mortgage process so you can focus on the important stuff. Shop and compare the best mortgage rates from over 30 lenders and find some of the lowest rates available.


Collaborate with trusted professionals and co-applicants online. You can invite your existing realtor and lawyer to the platform so that everyone is on the same page when it comes to your mortgage. Need a realtor? We can recommend you one from our pool of verified professionals.

Ditch the paperwork and in-person meetings and have everything stored in one place. You’ll also get automated alerts as you move through the process so you never miss a thing. When you sign up, you can easily sign and submit all of your documents on the platform.
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Get your pre-approval today

Customer success stories

Learn how other Canadian home buyers use Perch.

  • who: First time home buyers
  • real estate goals: $700k townhouse or semi
  • issues: Low credit score

First timers get pre-approved in 1 day with Perch

First time home buyers Grace and Kyle had saved up a substantial down payment to put up to 15% down on a property. They were looking in the range of $700k, for a townhouse or semi-detached in the...

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  • who: Home buyer
  • real estate goals: $800k detached house
  • issues: Low qualifying income

Home buyers get a pre-approval with Perch

Mark and Christina came to Perch after receiving a pre-approval of $595k from their bank, which was $45k short of what they needed. Perch was able to get them pre-approved for a $855k mortgage with a...

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  • who: First time home buyer
  • real estate goals: $475-500k condo
  • issues: Low credit score

First timer increases buying power with Perch

Sharon, a first time home buyer in Victoria, British Columbia, wasn’t happy with the pre-approval amount from her bank. After reviewing her finances, Perch was able to pre-approve her for an amount...

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  • who: Homeowner
  • real estate goals: Mortgage renewal
  • issues: Finding a competitive rate

Homeowner saves thousands in her mortgage renewal

Margaret is a homeowner who wanted to look at different rates as her mortgage renewal was coming up and she was unhappy with her current bank’s service. Using Perch, she was able to find a suitable...

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  • who: Homeowners
  • real estate goals: Vacation home in Mexico
  • issues: Accessing equity

Homeowners refinance to buy vacation home

Raphael and Sarah wanted to buy a vacation home in Mexico. With Perch, they were able to refinance and take out equity at low rates in order to purchase the property they wanted.

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  • who: Homeowner
  • real estate goals: Remove co-signer from mortgage
  • issues: Low qualifying income

Owner removes co-signer from loan, keeps home

Mohammed did not qualify for a mortgage without his co-signer, but Perch identified how to increase his qualifying income so he could keep their family home.

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Your questions, answered

When you sign up for a Perch account, we ask for your email address, which is used to validate your account. You do not need to provide any contact information to use our tools and calculators or to view our mortgage rates. We only ask for the information needed to submit a mortgage application, which may include documents such as bank statements, pay stubs, tax forms and your credit report. We’ll also ask for a copy of your government-issued photo ID. Without providing this information, we can’t proceed with a pre-approval or submit your mortgage application to the lender.
Here are the steps to getting a mortgage in Canada:
  1. Get a mortgage pre-approval
  2. Get an accepted offer on a property
  3. Submit your mortgage application
  4. The lender will review and send a commitment letter for you to sign
  5. Work with your mortgage advisor to satisfy any mortgage conditions at least 10 days prior to your closing date
  6. The lender will submit mortgage instructions to your lawyer
  7. You sign everything with the lawyer, the mortgage charge is registered and the deal is closed. Congrats! You made it through.
When you sign up with Perch, you’ll be assigned a dedicated mortgage advisor to help you strategize how to pick the right mortgage and submit your mortgage application to the lender. We even have a network of realtors and lawyers you can leverage if you’re just getting started. If you’re still in the home buying process, check out our Guide to Buying a Home.
Getting a mortgage will mean borrowing a significant amount of money and paying it back over a long period of time (which is also known as the amortization). Over that period, you’ll be paying a lot of interest on that loan. Even the difference of a small fraction of a percentage point, also referred to as a basis point, can have a big impact on the amount of money you’ll pay over the lifetime of your mortgage.

Here are some factors that will personally affect the mortgage rates you’ll be offered compared to someone else:
  • Your credit score, which provides insight into the likelihood of you paying the mortgage loan
  • Whether you choose a fixed or variable rate
  • The length of your mortgage term
  • The amount of equity (or down payment on a purchase) you have in your home
  • If the property is a rental or not
  • The lenders you work with. Typically, big banks charge more than other lenders
There are many other factors, which your mortgage advisor can go over in more detail with you.
Paying a higher down payment doesn’t necessarily mean that you get a lower mortgage rate. If your down payment is less than 20%, it is mandatory for you to get mortgage default insurance, also known as CMHC insurance. Since you paid for your own insurance premium with a down payment, the lender doesn’t need to buy it on your behalf.

You do not need to get mortgage default insurance if your down payment is 20% or more. However, this means the lender then has to pay for your mortgage default insurance premium on their end and they charge for it through a higher rate to offset it.

The higher your down payment, the lower the default insurance premium and typically by the time you have 35% down payment or more, your rate would be essentially the same as if you had less than 20% down.

Whether you have 5% down or 20% down, there is minimal risk to the lender since these loans have mortgage default insurance. The only difference is who is responsible for paying for that premium, which is why rates fluctuate as a result.
Lender offers can change as often as each day and the value of each option can differ, so the best option for you will be a mixture of personal preference and the state of the current economic environment. When you open an account with Perch, you’ll have access to free tools to help break down the economic value of either option. You’ll have a dedicated mortgage advisor that you can consult and will help you come up with a strategy that’s right for you.

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