Top 15 Mortgage Brokerages in Calgary

This Page's Content Was Last Updated: January 18, 2023
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Mortgage brokers have access to mortgage rates from multiple lenders and act on behalf of borrowers, fetching them the best rates. Mortgage brokers usually earn 0.5% to 1% in commission. This commission is paid by the lenders and the borrowers do not have to pay anything. Mortgage brokers in Alberta are required to obtain a mortgage broker license from the Real Estate Council of Alberta (RECA).

Quick Picks

  • Butler Mortgage: Butler Mortgage is a brokerage with over two decades of experience and has 350 lending partners. Butler mortgage offers a lowest rate guarantee and an after-approval rate guarantee.
  • True North Mortgage: True North Mortgage is national brokerage based out of Calgary. In addition to the typical mortgage products, they also offer an additional mortgage solution called ‘Rate Relief’ that offers a low rate for six months.
  • nesto: nesto is a fully digital mortgage platform where the brokers are paid on a salary basis instead of commission. They offer a lowest rate guarantee to their clients. In addition, they have other promotional offers such as cash back and extended lock-in period of up to 150 days.
  • Dominion Lending Centres: One of the largest mortgage broker networks in Canada, Dominion Lending Centres works with over 90 lenders and has over 400 offices across Canada.
Brokerage/Lender5-Year Fixed5-Year VariableCalgary Office LocationsNumber of Brokers/Agents
--
Calgary
TD Canada Trust Centre,Suite 3000,
421 – 7th Avenue S.W.,
Calgary, AB
31
--N/A40
4.59%5.25%
Calgary
3600 - Bow Valley Sq II. 205 - 5th Ave S.W.
Calgary, AB
59
4.84%5.45%
Calgary
120 - 444 5 Ave S.W.,
Calgary, AB
14
--N/AN/A
--N/AN/A
--
Calgary
421 7th Avenue S.W., 30th
Floor, Calgary, AB
N/A
--N/AN/A

Note: Rates are for insured high-ratio mortgages as of January 2023

Butler Mortgage

Headquartered in Toronto, Butler Mortgage offers mortgage brokerage services in Ontario, British Columbia, and Alberta. One of the largest online brokerages in Canada, Butler Mortgage was founded in the year 1995. With access to over 350 lenders, Butler Mortgage claims to offer the lowest possible mortgage rates to its customers.

The brokerage offers an up-front rate guarantee, wherein, if you find a lower rate elsewhere, Butler would either beat that rate or pay you $500 cash when you close. Apart from this, the brokerage also offers an after-approval rate guarantee. This means that even after your approval, Butler keeps looking for better rates for you, and if they find another lender advertising a rate that is more than 0.1% lower, you can switch lenders for free if your lender refuses to match the rate.

With their RateGuard Approval, Butler Mortgage allows you to lock in rates for up to 120 days, and if the rate falls during this time, the customer can get the new lower rate. Butler Mortgage offers a variety of mortgages and financing options that include:

  • Investment Property
  • Vacation/Second Home
  • Purchase Plus Improvement
  • Construction Mortgages
  • Credit Repair
  • Mortgages for Newcomers to Canada
nesto

nesto is a digital lending platform headquartered in Montreal, Quebec. The company offers an upfront ‘floor rate’ to its clients, which is the absolute minimum rate that a bank can offer. nesto’s agents earn on a salary basis instead of a commission basis and thus are committed to finding the best rate for their clients.

nesto offers a 100% online application process which can be completed within minutes. Nesto offers a low rate guarantee to their clients, and if a client is able to find a better rate elsewhere, nesto will try to beat or match the rate. If they aren’t able to match the rate, they give $500 to the client as a goodwill gesture toward their mortgage funding. Additionally, some featured rates also have a rate lock-in period of 150 days instead of the 120 days that is usually offered by financial institutions.

There are three financing options available with nesto:

  • New Mortgage
  • Mortgage Renewal
  • Mortgage Refinance

Nesto is also offering a cash back mortgage for a limited time, wherein, the homebuyer can get 1% cash back on the mortgage amount, up to $9,250 for a 5-year term. The cashback can be used for anything from home renovations to paying off debt.

True North Mortgage

True North Mortgage is based out of Calgary, offering mortgage services across Canada. True North has a total of 12 physical offices in Canada, of which four are located in Calgary. The brokerage believes that having a physical office to walk into builds confidence with their clients, while also expressing their commitment to the clients. Borrowers can alternatively get in touch with them online and over the phone.

With the current situation of increased mortgage rates, True North has been offering a mortgage solution called ‘Rate Relief’ through their in-house lender THINK Financial, which offers lower fixed-rate for six months. After the six-month period, you either need to renew your mortgage with THINK Financial or pay them a 1% fee. True North also offers a lowest rate guarantee. If you find a lower rate elsewhere, True North offers to beat the rate or give you $500 if they can’t do so. True North claims to save an average of $3,000 for its clients. Apart from mortgages for new homes, True North also offers the following:

  • Pre-approval
  • Refinance
  • Renewals and Transfers
  • Mortgage Porting
  • Purchase Plus Improvements
  • Newcomers to Canada
  • Vacation and Secondary Homes
  • Investment Properties
  • Non-Resident Mortgage
  • HELOCs
  • International Home Purchases
  • Self-Employed Mortgages
  • Reverse Mortgages
CanWise

CanWise is a Canadian lender that offers their mortgage rates exclusively through their brokerage which was renamed to Ratehub.ca in 2022. They offer rates from 16 lending partners. They offer mortgages for buying, renewing, refinance, vacation / second home, newcomers to Canada, divorce, first-time homebuyers, and business / self-employed buyers.

CanWise lending offers features such as mortgage porting, bridge financing, annual additional lump-sum payment option, and the option to increase regular payment. They also register your mortgage as a standard charge instead of a collateral charge.

QuestMortgage

Offered by the trading platform Questrade, QuestMortgage is an online mortgage platform that offers an online application and approval process. Borrowers can consult their mortgage advisors over the phone and offers a rate lock-in period of 120 days. They also offer the option to increase monthly payments at any time by 100% of the original monthly payment. Additionally, they facilitate early prepayments by allowing the borrowers to pay an additional lump sum amount every year (up to 20% of the balance at the beginning of the term). During the application process, borrowers can also apply for creditor’s insurance with Canada Life.

Pine

Pine mortgage is an online mortgage platform established in 2021, which aims to simplify the process and deliver a stress-free mortgage experience. Pine offers transparency without any hidden fees or closing costs. The application process can be completed online or through phone. The application process is quick and doesn’t require you to pay any fees. Borrowers may be able to avail ongoing cash back offers when they get a new mortgage from Pine.

Citadel Mortgages

Citadel Mortgages is one of the largest full-service mortgage brokerages in Canada offering mortgage services such as:

Citadel Mortgages offer mortgages for good, bad and no credit borrowers with lenders including banks and mortgage lenders. They also offer a 60 seconds prequalification. Citadel Mortgage offers several limited time incentives to borrowers such as cash back and AIR MILES.

neo

Neo Mortgage is the mortgage product offered by Neo Financial. It offers a fully digital mortgage application and fast approval, which allows you to get a mortgage within minutes from the comfort of your home. It currently works with five lending partners and offers mortgages for new purchases, renewal and refinance. Neo mortgages also work with borrowers with low credit scores.

Best 5-Year Fixed Mortgage Rates in Canada CanadaLeaf
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BMOBMO
5.14%
TDTD
5.44%
CIBCCIBC
5.49%
RBCRBC
5.69%
ScotiabankScotiabank
6.34%
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Local Calgary Mortgage Brokerages

Main Office: 110 1121 Centre Street NW
Calgary, Alberta

Mortgage Connection is a brokerage based out of Calgary and servicing Alberta, Ontario and British Columbia. It has a team of over 70 mortgage brokers and specialists who offer residential and commercial mortgage services. In addition to new mortgages, renewal, refinance, second mortgage, investment property mortgages and HELOCs; they also offer home and auto insurance services. Even though they don’t have an online application process, they have an app of their own called the Mortgage Connection App that can be used in five languages.

#235, 6025 – 12th St. S.E.
Calgary, Alberta

Quantus Mortgage Solutions is a Calgary based brokerage that works with 40 different lenders. The brokerage was established in 2009 and now has a team of over 60 people. They have a 1-14-21 process, which stands for 1 day pre-approval, 14 day process and 21 day possession. In addition to mortgage services, they also offer home, auto and life insurance. Quantus Mortgage Solutions has been nominated for and won several awards such as the Mortgage Awards of Excellence - Best Regional Brokerage 2022.

223 14 Street NW
Calgary, Alberta

Axiom Mortgage Solutions has its head office in Calgary but offers services in many provinces in Canada. Axiom Mortgage Solutions are a part of the Centum mortgage broker network. In addition to new mortgages, pre-qualification, renewals and refinancing, they also offer solutions such as debt consolidation and interim financing. They offer an online application process that takes 5 minutes to complete.

2000 Pegasus Road NE, Unit 2
Calgary, Alberta

Founded in 2013, DreamHouse Mortgage is headquartered in Calgary and offers services in Alberta, Manitoba and British Columbia. They have a team of over 20 mortgage specialists and offer mortgage services for purchase of new homes, pre-approval, renewal, transfer, first-time buyers, HELOC, second mortgages, self-employed mortgages and more. They also help with debt consolidation, foreclosure purchases and commercial mortgages. Additionally, borrowers with bad credit can also seek help with credit improvement.

2719 Centre Street NW
Calgary, Alberta

Canadian Mortgage Professionals Inc. is a brokerage firm based out of Calgary but offering services across Canada. The mortgage specialists at the brokerage have decades worth of experience. Borrowers can apply online or in person, and the services include mortgages for new homes, progress draw mortgage, revenue property mortgages, HELOC, purchase plus improvement, mortgages for newcomers to Canada and mortgage preapproval.

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 3,000 mortgage experts and over 400 offices across Canada, Dominion Lending Centres is one of the largest mortgage broker networks in Canada. They work with more than 90 lenders to offer the best mortgage rates to their clients. They have their own mobile app named My Mortgage Toolbox, and provide multiple tools and resources to the brokers in their network. They also have training sessions for the brokers to ensure they offer the best services to their clients.

Established in 2005, Verico is a mortgage broker network spread from the east to west coast of Canada. It has more than 230 mortgage businesses (3500+ mortgage advisors) in its network who help finance homes for more than 45,000 Canadian families every year. In 2022, they were named the National Broker Network of the year at the Canadian Mortgage Awards.

The calculators and content on this page are provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.