How FairRate Canada makes money
Short answer
FairRate Canada makes money from optional consumer-paid reports after the free checker. It does not sell borrower information to banks, brokers, or lenders.
Rate Fairness Report
CA$24
A written fairness verdict, benchmark comparison, cost-gap estimate, negotiation questions, and copy/paste lender email.
Full Renewal Decision Report
CA$49
Adds switch-vs-stay analysis, term strategy notes, prepayment and penalty warning checklists, broker quote checklist, phone script, and before-you-sign checklist.
The free checker comes first. A paid report is optional and is meant for borrowers who want a written explanation before responding to a lender renewal offer.
FairRate’s incentive is to help the consumer understand the offer. It is not a lender-referral funnel and does not depend on a borrower applying for a mortgage through a partner.