September 22, 2011 09:00 ET

54 Week Mortgage Rate Research Study Identifies Where to Find the Lowest Canadian Mortgage Rates. The Firm MortgageFlex has Been Proven to have the Lowest Mortgage Rates

EDMONTON, ALBERTA--(Marketwire - Sept. 22, 2011) - Market Research Canada (MRC), has conducted a study of mortgage rates available to Canadian homeowners, for the entire one-year period of September 8, 2010 to September 27, 2011. In this study, the second of its kind performed by MRC, the entire Canadian mortgage lending market was reviewed in detail.


The results clearly show that for each of the mortgage types and terms studied, homeowners selecting MortgageFlex as their lender were consistently able to take advantage of mortgage rates which were better than the published rates of any of the major lenders reviewed. Canadian homeowners choosing to borrow through MortgageFlex during the year, incurred lower interest costs than they would have with any of the other lenders reviewed. Based on our findings during this study, Market Research Canada continues to believe that rates offered by MortgageFlex are consistently lower than the best lowest discounted rates offered publicly by any major Canadian mortgage lender.

Our Opinion

Market Research Canada finds that the rate differentials found throughout the study are not insignificant. The study shows that borrowers would incur the lowest amount of interest expense possible, by arranging their financing through MortgageFlex, versus establishing mortgage borrowings with any of the other Canadian lenders reviewed at their best discounted rates for the mortgage instruments reviewed.

Thus a mortgage borrower would save more than $9,500 in interest costs by selecting MortgageFlex over the best discounted rates offered by competing lenders for a fixed term, either 3 or 5 years, and more than $10,500 by selecting MortgageFlex for a variable rate 5 year term.


All of the following major Canadian mortgage lenders were included in this study, using the best, or lowest, identified mortgage rates published on their websites. Care was taken during the review to make sure that any special rates advertised on their sites, and all discounts described as available were taken into consideration to ensure that each institution's very best discounted rate published was used in all instances.

Royal Bank of Canada



TD Canada Trust

Bank of Montreal

ATB Financial

Servus Credit Union

PC Financial


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