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Lenders & Fees

Rate Sheet

Last updated: October 2026

What is Rate Sheet in Canadian mortgages?

Document published by lenders listing current mortgage rates, terms, and product features. Updated weekly or as rates change. bips processes rate sheets automatically to keep lender data current.

Rate Sheet example

Worked example

First National's rate sheet shows 5yr fixed at 4.89%, 3yr fixed at 4.69%, variable at Prime - 0.85%.

Related lenders & fees terms

How bips handles Rate Sheet

bips is an AI placement engine for Canadian mortgage brokers. It tests a borrower scenario against 40+ Canadian lenders in about two minutes, applying GDS, TDS, LTV, stress test and CMHC rules to every match. Invite-only.