“Perch is the only place I'd recommend for anyone's mortgage needs. The platform makes the whole process a breeze to follow from start to end.”
“It was me and my husband’s first time buying and selling at the same time, and Perch was extremely helpful in navigating that process.”
“Highly recommend to anyone looking to get competitive rates and values transparency throughout their entire mortgage experience.”
“Perch is the only place I'd recommend for anyone's mortgage needs. The platform makes the whole process a breeze to follow from start to end.”
“It was me and my husband’s first time buying and selling at the same time, and Perch was extremely helpful in navigating that process.”
“Highly recommend to anyone looking to get competitive rates and values transparency throughout their entire mortgage experience.”
Getting a mortgage doesn’t have to be a painful process. Sign up, add your details, pick your mortgage and hit submit. Consult one of our mortgage advisors if you want to strategize, but only on your terms (no sales pitches here).
Streamlined and efficient, all online
Forget the hassle of submitting your documents to multiple mortgage lenders and waiting for a phone call. We’ve automated our mortgage process online, so it’s easy to get the answers you need with a lot less chasing.
Whether you’re a phone person, or prefer to chat online, our experienced mortgage advisors are available 7 days a week. We’ll even send reminders and alerts so you don’t miss a thing.
Let’s face it - no one likes shopping for a mortgage. This is the mortgage experience Canadians deserve.Read more 
It’s easy to find the best mortgage that saves you money. Try it yourself, and browse 30+ mortgage lenders all in one place. Perch users save an average of $3,000 in mortgage interest per year.
Are there any fees to use Perch?
It’s free to use our tools and calculators or to get a mortgage. Our goal is to help you navigate the mortgage marketplace, at no cost to you. It’s our job to know the in’s and out’s of every mortgage out there, and to understand which mortgage lenders can turn things around quickly.
We get paid by the mortgage lender once you choose your mortgage. Perch is available across all provinces and territories in Canada, including Ontario, British Columbia, Alberta and Quebec.Read more
Alex
The history of interest rates in Canada With the Bank of Canada aggressively raising rates in 2022 and 2023, mortgage holders are feeling the heat. Despite what might currently seem like a volatile...
Perch
Here are the latest headlines in the real estate and mortgage world as we near the end of October. This week’s news The Bank of Canada held their latest interest rate announcement this week,...
Perch
Should you pay down your mortgage early when interest rates are high? Buying a home is one of the most significant financial decisions you may make in your lifetime, and your mortgage strategy will...
Perch
Save money on your mortgage. Interest rates have gone up, but that doesn’t mean your payment has to. Learn about what your payment could be at renewal and how you can save by renewing your...
Ali
How are investments taxed in Canada? If you’ve ever bought investments like stocks, bonds, or a property that isn’t your principal residence, you’ll want to understand what is considered an...
Picking the best mortgage can feel overwhelming. Other than finding a low mortgage rate, you’ll want to ask yourself questions, such as:
Your answers will impact the term length of your mortgage, whether you should go with a fixed or variable mortgage rate, and how much prepayment flexibility you really need. You can view your best mortgage offers, then consult one of our Perch mortgage advisors to strategize what makes sense in your situation.
As you can see, picking the right mortgage involves more than just finding the best rate. However, you may be surprised to learn that who the mortgage comes from doesn’t matter as much as you think. After all, the mortgage lender is the one loaning you money, and not the other way around!
A mortgage pre-approval can be considered a “light approval”, but is not a guarantee by the mortgage lender. A mortgage pre-approval helps confirm what you can afford to borrow. If you’re planning on buying a property, a mortgage pre-approval should ideally be completed 1-2 months before you expect to buy. For more information, refer to our Canadian Home Buying Guide.
To get pre-approved for a mortgage, you’ll need to have:
Gathering documents ahead of time will help make getting a mortgage a smoother and simpler process. You can typically download many of these documents through an online account manager from your bank, payroll provider, and the Canada Revenue Agency.
Not ready to get pre-approved? Calculate your purchasing power and see if you can afford your target property.
Canadians typically get a mortgage loan by going directly to a mortgage lender, such as a bank, or by using a mortgage broker. Whether you use a bank or a mortgage broker, you aren’t charged a fee for using either service. Mortgage brokers are paid directly by the mortgage lender for their services.
As a mortgage lender, a bank will only promote their own mortgages, which means you have access to a smaller selection of mortgage products, compared to shopping around through a licensed mortgage broker. A mortgage broker has access to mortgages from multiple lenders, making it easier to find the best deal.
Banks in Canada will operate with limited hours during business days, which can be frustrating if you’re in a hurry or work a 9-to-5 job. If you need a mortgage urgently with a quick turnaround, or have a question about your mortgage application, it can be tough to get answers on a weekend, evening or statutory holiday. Perch operates 7 days a week, so you never have to worry about a mortgage advisor being inaccessible.
Unlike hiring a real estate agent, mortgage lenders and mortgage brokers don’t require you to sign an exclusivity agreement to work with them. Shop around before committing to a mortgage, it could translate to thousands of dollars saved each year.
When you use a mortgage broker like Perch, you’ll get:
Our mission is to help you buy your first property sooner so you can build wealth through real estate. Get pre-approved fast with Perch, and access the financial insights you need to make the right decision. Along with smart real estate tools to find and manage your mortgage, you’ll also have on-demand access to our experienced mortgage advisors at every step.
Perch makes the process of buying a property simpler and easier, and helps you save money on your mortgage. Once a homeowner, we enable you to build wealth by maximizing your home equity. In other words, we help your money make more money. Talk about a win-win.
Looking for more answers? See all FAQs →
Stay up to date on mortgage rates with our monthly newsletter
You’ll hear from us once a month, and can opt out anytime
Stay up to date on mortgage rates with our monthly newsletter
You’ll hear from us once a month, and can opt out anytime
