Perch launches innovative online tool that provides users with real-time mortgage rate quotes

Perch announces new “Pathfinder” tool that allows Canadians to instantly shop and compare mortgage offers from over 20 lenders, allowing users to find the best mortgage deals online.

TORONTO, February 7, 2022 /PRNewswire/ — Perch, the TorontoA proptech company that seeks to help Canadians build wealth through real estate through its intuitive homeownership platform, today announced the launch of Pathfinder. The free web-based tool, accessible through a desktop or mobile browser at, is transforming the way people buy mortgages. Pathfinder asks for a few details about what a buyer or homeowner is looking to do, and they can instantly display and sort deals by total savings, mortgage rate, lender, term, prepayment flexibility, and more.

Whether buying a home, renewing a mortgage, or looking to refinance, Pathfinder allows users to seamlessly view real-time mortgage rates online. Those with an existing mortgage offer from any lender can easily compare it with products from over 20 lenders and see which offer has the highest total amount of savings, making it a simple process to identify the best offer.

Notably, thanks to predictive modeling, Pathfinder is the only tool that allows users to compare all mortgage transactions with respect to their overall expected costs. This includes things like:

  • Consideration of expected increases in the prime rate to compare a variable rate to a fixed rate
  • Consideration of expected rate movements to compare shorter durations to a 5-year rate
  • Taking into account the penalties expected in the event of breach according to the penalty calculation methodology specific to each lender

Pathfinder also provides live information so users can see what others are choosing for their mortgage term, or how many are choosing fixed rather than variable rates.

“At Perch, we are focused on creating innovative products and tools that empower Canadians to access homeownership. Our goal is to make homeownership as simple and accessible as possible, which means putting information in the hands of our customers and make it available 24/7,” says Perch CEO Alexandre Leduc. “We believe Pathfinder is radically changing the way people buy mortgages online. Instead of having to wait for a callback or email from their bank, users can instantly get the latest mortgage rates right at their fingertips. and be fully empowered to find the best deal. Unlike rate comparison sites or advertised rates, they will see real, personalized mortgage offers from our lenders. For those who need help understanding their options or want to work out strategy before choosing a mortgage that’s right for them, we also offer dedicated one-on-one support, seven days a week, through one of our mortgage advisors.”

As the first company in Canada To provide an instant mortgage rate quote online, Perch’s new tool offers users an efficient and convenient way to shop and compare mortgages. This announcement follows their $1 million seed financing which closed in October 2021.

About Perch:

The perch is from Canada the most intuitive homeownership platform that helps users create wealth through real estate. Perch is a member of the REACH Canada 2022 program. REACH Canada is a technology scaling program, developed by Second Century Ventures, the strategic venture capital arm of the National Association of REALTORS®. Perch has been featured in the Toronto Star, Winnipeg Free Press, BetaKit, TechTO and Realtor Magazine. To see the latest fixed and variable mortgage rates offered by Perch, visit To view the Perch Mortgage Payment Calculator, visit

Perche was founded in 2018 by Alexandre LeducCFA and is proudly based in Toronto, Ontario. follow us on instagram @perchecanada and Facebook @perchecanada.


For further information: Katherine Wong Too Yen, Director of Marketing, [email protected]

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