FairRate Canada is not a mortgage broker
Short answer
FairRate Canada does not arrange mortgages, collect broker commissions, make lending decisions, pre-approve borrowers, or provide regulated financial advice. It is an educational benchmark tool for checking whether a Canadian mortgage renewal offer looks fair before signing.
FairRate does not do
Arrange mortgages, negotiate directly with lenders, guarantee rates, provide pre-approvals, or sell leads to brokers.
FairRate does do
Compare a quoted renewal rate against benchmark context and explain whether the offer looks fair, high, negotiable, or worth deeper review.
If you need mortgage advice, approval, or a new loan, speak with a licensed mortgage professional or lender. FairRate is for the earlier question: does this renewal offer look fair enough to sign, or should I ask more questions first?
The tool is intentionally built around the borrower’s pre-signing decision rather than a brokerage application funnel.