About
About BankMortgages.ca
Short answer: BankMortgages.ca is an independent MITEY Network guide to mortgages at Canada’s six big banks. We read each bank’s own pages, date every figure and build our calculators from those rules. We have no partnership with any bank, and we removed earlier claims of special bank rates that we could not verify.
An independent guide to mortgages from Canada’s big banks, rebuilt in October 2026 as part of the MITEY Network.
What changed
Earlier versions of this site advertised special-access bank rates, named the big banks as partners with status badges, and showed approval counts and savings figures. We could not verify any of those, so we removed them. BankMortgages.ca has no partnership with, and is not endorsed by, RBC, TD, Scotiabank, BMO, CIBC or National Bank.
What we do instead
- Read each big bank’s own mortgage pages and quote the terms that matter (prepayment, penalty method, portability, HELOC and renewal), with a link and a date.
- Explain the federal rules (the stress test, insured mortgages and disclosure) from OSFI, the Department of Finance, CMHC, FCAC and Justice Laws.
- Build calculators that let you price your own situation rather than trust an average.
Who is Mitey?
Mitey the Yeti is the MITEY Network’s guide. On this site his job is to read the fine print out loud. He carries a brass stamp because the clauses most people skip are the ones that cost the most.
The MITEY Network
- IsThisAGoodRate.ca: Score a mortgage rate you were quoted against dated Bank of Canada benchmarks.
- CanadianBanks.ca: The reference directory of banking in Canada: OSFI lists, CDIC members and bank profiles.
- Calculating.ca: The MITEY Network’s library of Canadian finance calculators.
How we make money
If you ask a question through the site, the MITEY Network team may help you compare options and introduce you to a licensed mortgage professional, which may lead to a referral fee. That never changes what a bank profile says: profiles quote the banks’ own pages.
Worked example: how one number gets onto this site
RBC’s rates page showed a 5-year fixed special of 5.14% and a posted rate of 6.19% on November 2, 2026; we copy both exactly, with the date. The payment engine then turns them into $2,948.00 and $3,255.72 a month on $500,000 over 25 years (semi-annual compounding). Nothing between the bank’s page and that figure is estimated.
Computed by this site’s engine from each bank’s published rates (November 2, 2026). An example, not a quote.
