Find the lowest mortgage rates from Canada's leading banks and mortgage ... a lower mortgage ratecould save you thousands of dollars on interest every year . Variable mortgage rates are typically lower than fixed rates, but can vary over the duration of the term. Variable mortgages are prone to market behaviour (via the prime rate) which affects your payments. That means your payment amounts can change over time. For more information about our process kindly visit http://www.mortgagelowestrate.ca/mortgage-renewal.html