Top 17 Mortgage Brokerages in BC
Mortgage brokers are professionals who act on behalf of borrowers to find the best available mortgage rates in the market. They can negotiate competitive deals by accessing offers from multiple lenders at once. Brokers are compensated by commission paid by the lender, typically ranging from 0.5% to 1% of the total mortgage amount. Borrowers generally pay nothing directly for a broker’s services. In Canada, mortgage brokering is a licensed profession. In British Columbia, the BC Financial Services Authority (BCFSA) currently oversees registration under the Mortgage Brokers Act; however, a new Mortgage Services Act comes into force on October 13, 2026, modernizing the regulatory framework. Listed below are some of the best online and local brokerages in B.C.
Quick Picks
- MortgagePal: The Vancouver-based brokerage offers an easy online application and approval process. Borrowers can also choose their preferred broker at the time of application.
- The Mortgage Group: One of the largest brokerages based out of Vancouver, with a team of over 1,900 mortgage professionals across Canada. Borrowers can easily find the closest broker from their website and quickly get the best available rates.
Top Mortgage Brokers in British Columbia
British Columbia Online Brokerages with Competitive Rates
One of Canada's most experienced full-service brokerages, Butler Mortgage, was established in 1995. Headquartered in Toronto, the brokerage offers mortgage services across Ontario, British Columbia, and Alberta. Butler Mortgage has an expansive list of over 350 lenders, including banks, credit unions, and more. Their clients have access to various mortgage and financing options that include:
- Purchase
- Pre-Approval
- Refinance
- Renewal
- Investment Property
- Vacation/Second Home
- Purchase Plus Improvement
- Construction Mortgages
- HELOC
- Self-Employed Solutions
- Credit Repair
- Mortgages for Newcomers to Canada
Butler Mortgage’s ‘Up-Front Rate Guarantee’ guarantees the best rate for its clients from the beginning. Should a client find a better rate elsewhere, the brokerage is committed to beating or matching that rate. However, if they fail to do so, they compensate the client with $500 when they close the mortgage.
Another guarantee provided by the brokerage is the ‘After-Approval Rate Guarantee.’ After you are locked in at a particular rate, the brokerage keeps monitoring the market for better rates. If they find a rate 0.1% lower than the locked-in rate, and your lender doesn’t agree to match it, the brokerage allows you to switch lenders at no additional cost. Butler Mortgage also offers a ‘RateGuard Approval’ that enables clients to get a new lower rate if the rate drops during the 120-day lock-in period.
Headquartered in Montreal, nesto is a digital lending platform that was established in 2018. Being an online broker, nesto’s application process is completely online. This provides great flexibility to the clients as they can apply from anywhere and anytime. The application can be completed in just a few minutes, and if the borrowers need advice regarding their application, they can consult with nesto’s agents over email or phone.
To ensure that nesto’s agents offer unbiased advice to their clients, the brokerage pays its agents a fixed salary instead of paying them a commission on the deals they finalize. According to nesto, the rates offered by them are the absolute minimum rates that a bank can offer, which is also called a ‘floor rate.’ The financing options currently offered by nesto include:
- New Mortgage
- Mortgage Renewal
- Mortgage Refinance
Apart from the rates with the regular 120-day lock-in period, nesto offers some featured rates with an extended lock-in period of 150 days. Borrowers can also benefit from other promotions offered by nesto, such as the cash back mortgage, where borrowers can get 1% cash back on the mortgage amount, up to a maximum of $13,750 for a 5-year term.
True North Mortgage is a leading brokerage in Canada with 12 store locations across the country. Headquartered in Calgary, the brokerage has one office in B.C., located at Metropolis at Metrotown in Burnaby. Borrowers can apply online, call, or visit one of the offices in person. True North also offers a mobile broker service, where brokers meet clients at a place and time of their choice. True North Mortgage claims to save an average of $3,000 for its clients.
True North Mortgage also offers a 'Rate Relief' product through its in-house lender THINK Financial. Available as a short-term fixed-rate option for eligible new purchases and switches, it is designed to provide borrowers with a lower initial rate. Borrowers who choose not to renew with THINK Financial at the end of the term will be charged a 1% non-renewal fee on the outstanding balance. This product comes with a 120-day rate hold and is available only through a True North Mortgage broker. True North Mortgage offers the following services:
- New Mortgage
- Pre-approval
- Refinance
- Renewals and Transfers
- Mortgage Porting
- Purchase Plus Improvements
- Newcomers to Canada
- Vacation and Secondary Homes
- Vacation and Secondary Homes
- Investment Properties
- Non-Resident Mortgage
- HELOCs
- International Home Purchases
- Self-Employed Mortgages
- Reverse Mortgages
MortgagePal is a digital brokerage that is headquartered in Vancouver. Borrowers can apply online or reach out to one of the brokers listed on the website directly. Once the application is submitted, the brokerage offers the borrowers with options of lenders to choose from. After choosing the preferred lender, the brokerage works with the lender to get the borrower approved quickly. Mortgage Pal’s website has over 30 agents listed on it, and the brokerage works with dozens of lenders, including banks, credit unions, and mortgage-only lenders. According to MortgagePal, being an online broker, they can save thousands of dollars in interest for the borrowers.
CanWise is a Canadian lender that offers its mortgage rates only through its brokerage arm Ratehub.ca. Apart from CanWise, Ratehub.ca offers mortgage rates from many other financial institutions, including banks and credit unions. The mortgage solutions currently offered by them include:
- Mortgages for buying
- Renewing
- Refinance
- Vacation/Second Home
- Newcomers to Canada
- Divorce
- First-time homebuyers, and
- Business / Self-employed buyers.
The mortgage products from the lender boast features like mortgage porting, bridge financing, annual additional lump-sum payment options, and increasing regular payment. With CanWise lending, your mortgage gets registered as a standard charge, not collateral.
Local B.C. Mortgage Brokerages
Led by Managing Director Dilmohan Aneja, TruWest Mortgage brings over 14 years of experience serving clients across British Columbia. A former CMP Top 75 Broker with strong 5-star client reviews, Dilmohan specializes in complex mortgage scenarios that many brokers find challenging. With experience in one of Canada's most competitive real estate markets, TruWest provides tailored solutions for a wide range of borrowers.
With access to more than 50 lenders — including major banks, credit unions, B-lenders, and private lenders — TruWest can assist clients who may have been declined by traditional banks.
In addition to new home purchases and renewals, TruWest Mortgage helps clients with:
- Refinancing and equity take-outs
- Mortgages for self-employed individuals and business owners
- Newcomer-to-Canada mortgages
- Financing for multiple rental properties
- Debt consolidation
At TruWest, clients work directly with Dilmohan. The brokerage emphasizes a personalized experience — without call centres or junior agents. TruWest has earned the trust of hundreds of BC families by securing the right mortgage solutions at the right time.
The Mortgage Group is a brokerage based out of Vancouver that was established in 1990. The brokerage offers its mortgage services across Canada through its team of over 1,900 mortgage professionals. Borrowers can look up the broker that is closest to them through TMG’s website and contact them directly. Alternatively, borrowers can directly apply through TMG’s website, after which a broker contacts them with the best mortgage options. Borrowers can also use their free tools and calculators to estimate their mortgage payments. TMG offers a variety of mortgage solutions for experienced and new buyers alike.
A boutique brokerage based out of Vancouver, Clear Trust Mortgages also has offices in Toronto and Alberta. With a team of over 300 brokers, the brokerage has been recognized as one of Canada's top-performing firms, winning Brokerage of the Year at the 2024 Canadian Mortgage Awards. As suggested by its name, the firm keeps clarity and trust at the center of its customer service. The firm believes in providing personalized service to each client and is committed to finding the best deal. Besides mortgages from banks, it offers rates from credit unions, B-lenders, and private lenders. Like some other brokerages, it also provides mortgage prepayment privileges to its clients.
Green Mortgage is a Vancouver-based brokerage established in 2011. Apart from residential mortgages, they provide access to commercial mortgages. They specialize in building real estate portfolios and real estate investing. They have access to over 60 lenders. They offer mortgages for first-time buyers, refinance, renewal, investment properties, and commercial properties.
One Stop Mortgage Corp. is a North Vancouver-based private mortgage lender servicing British Columbia and Alberta, established in 1994. Primarily broker-focused, they connect mortgage brokers with private lending solutions and offer mortgage investment opportunities to investors. For borrowers, the full-service firm offers solutions including new mortgages, HELOCs, debt consolidation, and construction loans. As they work with different kinds of lenders, they can also provide services to borrowers with bad or no credit scores.
The roots of Select Mortgage were established in 1998 under the name Pacific Express Mortgage Corporation. Later, the name was changed to U-Select in 1999 and was finally changed to Select Mortgage Corp. in 2006. Today, the brokerage has eight offices across Vancouver Island, the Lower Mainland, and the Kootenays. The brokerage offers various mortgage solutions, including private mortgages, reverse mortgages, second and vacation property mortgages, and renovation mortgages.
Based out of Victoria, Cutting Edge is a brokerage serving Vancouver Island, Alberta, and the surrounding regions. It has been in operation since 2011 and is part of the Mortgage Alliance network. The brokerage has three offices: in Oak Bay, Colwood (West Shore), and Sidney. Besides offering residential mortgages for new purchases, renewals, and refinance, the brokerage also specializes in reverse mortgages and personal loans. Borrowers can apply for a mortgage online and select their preferred broker. Alternatively, they can contact the brokerage through their website or phone number or visit one of their offices.
Auxilium Mortgage Corporation is a Victoria-area brokerage that has been operational since 2011, headquartered in Victoria. The brokerage collaborates with over 50 lenders, including banks, credit unions, and trust companies. The brokerage provides new mortgages, renewal, and refinance services and also specializes in bad credit and inter alia mortgages. The brokerage frequently updates the best rates on its website; however, borrowers can contact them by phone for the latest rates. Borrowers can apply for a mortgage online and complete their approval process digitally or visit the brokerage's office. Additionally, borrowers can get in touch with the brokerage through online inquiry. The brokerage offers a $250 incentive for successfully completed referrals.
Olympic Mortgage is a brokerage established in 2009 that is based in Victoria. The brokerage's lending partners include banks, monoline lenders, B-lenders, and private lenders. According to the brokerage, it offers its clients ‘super low rates.’ The mortgage solutions offered by the brokerage include mortgages for newcomers, mortgages for the self-employed, commercial mortgages, and reverse mortgages. To get started, borrowers can fill out the online application form or book a 15-minute consultation through the brokerage’s website. Borrowers can also fill out the online inquiry form or call the brokerage.
Wise Victoria Mortgages is an independent brokerage in a landmark Vic West building. The brokerage has provided mortgage services since 2004 and has over 100 years of combined experience. They offer various mortgage services, such as construction draw financing, non-resident mortgages, tax-strategized mortgage solutions, commercial mortgages, bridge loans, and more. Individuals looking to borrow can apply online on their website or contact the brokerage through phone, e-mail, or an online inquiry form.
Mortgage Broker Networks in Canada
Canada also has several mortgage broker networks, where the brokers independently own mortgage businesses but are a part of a larger network. Some of these networks are a part of financial groups such as DLCG and M3 Financial Group.
With over 350 offices across Canada, Dominion Lending Centres is among the country's biggest mortgage broker networks. The network has more than 2,900 mortgage experts working with over 90 lenders. The network is committed to providing its clients with top-notch service and the best mortgage rates. Network members can access numerous resources and tools, while training programs and other industry-standard updates are also available to brokers in the network. Borrowers can use the 'My Mortgage Toolbox' mobile app the network provides to start planning their mortgages.
Established in 2005, VERICO is a mortgage broker network that operates across Canada from the east to the west coast. With over 230 mortgage businesses (consisting of more than 3500 mortgage advisors) in its network, the network helps finance homes for over 45,000 Canadian families annually. In 2022, the network was recognized as the National Broker Network of the Year at the Canadian Mortgage Awards.
British Columbia Mortgage Broker Regulations
The BC Financial Services Authority (BCFSA) oversees mortgage broker registration in British Columbia, including brokers in Victoria and Vancouver. British Columbia is currently in a transition period: the Mortgage Brokers Act (MBA) remains in force until October 13, 2026, when it will be replaced by the new Mortgage Services Act (MSA). Brokers currently registered under the MBA are required to complete transition education to become licensed under the new framework.
How do I become a mortgage broker in British Columbia?
Mortgage brokers in British Columbia are regulated by the BC Financial Services Authority (BCFSA). The province is currently transitioning from the Mortgage Brokers Act (MBA) to a new Mortgage Services Act (MSA), which comes into force on October 13, 2026. The licensing pathway you follow depends on when you begin your education.
Regardless of which pathway you take, you must meet these baseline requirements:
- Be 19 years of age or older
- Be suitable for registration, meaning you are honest, of good reputation, and willing to comply with regulatory standards
- Complete the required education and pass the associated examination
Registration fees under the current MBA are $1,500 for a submortgage broker and $1,900 for a mortgage broker. New fee structures under the MSA will apply from October 13, 2026.
BC Mortgage Broker Education Requirements
The required pre-licensing course is offered by UBC Sauder School of Business. The current Mortgage Brokerage in British Columbia course ($1,450) is a self-paced blended program: assignments must be completed within one year of registration at a maximum of two per week, followed by a final exam written within two years of completing assignments. The exam is 100 multiple-choice questions with a three-hour time limit and a 65% passing mark.
Starting August 4, 2026, UBC's new Mortgage Services Licensing Course will replace the current program under the MSA framework, with a higher passing mark of 70%. Check UBC Sauder's website for current course options, tuition, and availability.
Education Equivalency
Those already licensed with the Real Estate Council of British Columbia, or who have completed real estate services courses through UBC Sauder, may take the Mortgage Brokerage Supplemental Course ($775) instead of the full course. The three-hour final exam is still required.
BCFSA may also grant an exemption from the assignment portion of the course based on prior education and experience, allowing candidates to challenge the final exam directly. UBC's Challenge Package ($450) is available for those who qualify.
Disclaimer:
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.