Top 14 Mortgage Brokerages in Victoria

This Page's Content Was Last Updated: April 10, 2023
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When shopping for a mortgage, going with a mortgage broker can help you find the best mortgage rates in the market and negotiate better terms with lenders. Mortgage brokers have access to many lenders, which helps them compare rates and find you the best deal. Brokers often have access to special rates exclusively offered to them by lenders. Many brokers also offer additional perks and incentives to their customers. A good mortgage broker can save you thousands of dollars and offer sound financial advice. Mortgage brokers receive a commission for their service from lenders, and clients don’t have to pay for their services. There are 66 licensed mortgage brokerages in Victoria. Compiled below is a list of top national brokerages that offer services in Victoria, followed by some of the best local mortgage brokers.

Quick Picks

  • nesto: nesto's digital mortgage solution is quick and hassle-free, making it an excellent choice for borrowers seeking a fast application and approval process. The brokers are paid a salary instead of a commission, enabling them to provide impartial guidance and the most favourable rates. They often have ongoing promotional offers, such as cashback and an extended lock-in period of up to 150 days.
  • Dominion Lending Centres: Dominion Lending Centres is a mortgage broker network operating throughout Canada, boasting over 400 offices and partnering with more than 90 lenders. It is easy for most Canadians to find a DLC broker near them.
  • True North Mortgage: A leading brokerage with 12 offices in seven cities across Canada, True North mortgage offers brokerage services along with in-house lending through its lending arm THINK Financial. The brokerage offers various rate guarantees and unique mortgage products such as the ‘Rate Relief’ solution.

Top Mortgage Brokers in Victoria

Best 5-Year Fixed Mortgage Rates in Canada CanadaLeaf
Mortgage Term:

Victoria Online Brokerages with Competitive Rates

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Founded in 2018 and headquartered in Montreal, nesto is an online mortgage platform that distinguishes itself from traditional brokers by compensating a fixed salary to its agents instead of commission-based pay. This approach ensures that nesto's agents offer impartial advice and prioritize customers' interests when suggesting mortgage products. nesto claims to offer a "floor rate" to its clients, which represents the lowest possible rate that lenders are willing to extend to borrowers.

nesto's mortgage application process is completely online, which means borrowers can apply from anywhere and at any time that suits them. It's a quick and straightforward process that takes just a few minutes to complete. Any applicants who require advice or support can seek a phone consultation with an agent. Due to nesto's strict lending guidelines, borrowers need a minimum credit score and a clean payment history with no missed payments to be approved.

nesto promises to give its clients the best mortgage rate possible and guarantees the rate. If a client finds a better rate elsewhere, nesto will try to match or better it. If they fail to do so, they give the client $500 when they close your mortgage. nesto has a special rate with an extended lock-in period of 150 days, aside from their standard offering of a 120-day lock-in period. This allows borrowers more time to make a decision.

They also have promotions from time to time, like their cash-back offer that gives you 1% cash back on the amount of your mortgage, up to $9,250, for a 5-year term. Nesto currently offers three mortgage solutions

  • New mortgage
  • Mortgage renewal
  • Mortgage refinance
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Based out of Vancouver, MortgagePal is a digital brokerage that offers an easy online mortgage approval process. MortgagePal has a team of over 30 mortgage agents, and its list of lenders includes banks, credit unions, and mortgage-only lenders. To get started, borrowers can directly apply online or contact one of the brokers over a phone call. After the application, the broker offers the borrower several lender options to pick from. According to MortgagePal, being an online broker, they are able to save thousands of dollars for their clients.

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Citadel Mortgages

Founded in 2018, Citadel is a mortgage brokerage with a notable presence in Canada, with seven offices in seven provinces. Even though they don't have an office in Victoria, customers can contact them through their website or phone. The mortgage application process is convenient and quick, as applicants can apply online and receive pre-qualification within a minute.

They offer mortgage services such as

Apart from the above offerings, Citadel offers an all-in-one mortgage solution that merges a mortgage with a HELOC, allowing borrowers to pay off their mortgages quickly. The brokerage partners with various lenders, such as banks, credit unions, and private lenders, to cater to borrowers with good, bad, or no credit. They regularly provide limited-time incentives to benefit their borrowers, such as cashback, complimentary hotel stays, and AIR MILES.

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True North Mortgage

Since 2006, True North Mortgage has provided mortgage services throughout Canada. It is headquartered in Calgary but has a presence in 12 offices spread across seven cities in Canada. Clients in Victoria can reach them via phone or their website. According to the company, their clients save an average of $3,000.

Like many other brokers, True North Mortgage guarantees their clients the lowest rate. If clients find a lower rate elsewhere, they promise to match or beat the rate and provide $500 compensation for failing to do so. Moreover, True North Mortgage's in-house lender, THINK Financial, has introduced 'Rate Relief,' a solution that offers a temporary respite from high mortgage rates. Rate Relief provides a lower fixed rate for six months. After the six-month period ends, borrowers can renew their mortgage with THINK Financial or pay a 1% administration fee.

True North Mortgage offers the following services:

  • New Mortgage
  • Pre-approval
  • Refinance
  • Newcomers to Canada
  • Vacation and Secondary Homes
  • Investment Properties
  • Non-Resident Mortgage
  • Renewals and Transfers
  • Mortgage Porting
  • Purchase Plus Improvements
  • HELOCs
  • International Home Purchases
  • Self-Employed Mortgages
  • Reverse Mortgages
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Neo Mortgage, an offering by Neo Financial, is an online brokerage service that offers borrowers a fast and streamlined digital mortgage application and approval process. The platform offers the convenience of obtaining a mortgage within minutes from any location, granting borrowers greater flexibility. According to Neo Mortgage, customers can potentially save thousands of dollars in interest by using their services. Currently catering to new purchases, renewals, and refinancing, the platform is rapidly expanding. It presently lists five lending partners on its website. Neo Mortgage can work with borrowers with low credit scores; however, their approval is not guaranteed.

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Butler Mortgage

Established in 1995, Butler Mortgage is a leading mortgage brokerage firm operating in Canada. Headquartered in Toronto, the company primarily serves borrowers in Ontario, British Columbia, and Alberta. Butler Mortgage monitors over 350 prime lenders in Canada, including banks and credit unions, enabling it to provide its clients with the best rates.

The mortgage services offered by Butler Mortgage include

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

Butler Mortgage offers its clients two distinct rate guarantees, the Up-Front Rate Guarantee and the After-Approval Rate Guarantee. The Up-Front Rate Guarantee promises customers the best rate available at the time of their mortgage application. If a client finds a lower interest rate elsewhere, Butler Mortgage pledges to compensate them with $500 in cash. After approval, Butler Mortgage continues to monitor the market for lower rates to provide them After-Approval Rate Guarantee. If a lender advertises a rate that is 0.1% lower than the approved rate, the brokerage allows the client to switch lenders without incurring any charges.

Butler Mortgage also offers the RateGuard Approval program, enabling clients to secure interest rates for up to 120 days. Clients can take advantage of the lower rate if interest rates drop during this period. The program provides clients with greater certainty and security in an environment of fluctuating interest rates.

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The Mortgage Group

Based out of Vancouver, The Mortgage Group (TMG) is a brokerage established in 1990. The brokerage has over 800 mortgage professionals, of which 37 are spread across Victoria. Borrowers can look up the brokers' profiles through the TMG website and even filter them by language if they have a language preference. Borrowers can get in touch with the broker of their choice or can also choose to apply online. TMG offers all kinds of mortgage solutions for new and experienced buyers.

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CanWise, a Canadian lender, exclusively offers its mortgage rates and services through its brokerage,, which works with numerous financial institutions and banks. provides various mortgage solutions, including mortgages for first-time homebuyers, renewing, refinancing, vacation/second home, newcomers to Canada, divorce, and self-employed buyers.

CanWise's mortgage products come with features like additional annual lump-sum payment options, the option to increase regular payment, mortgage porting, and bridge financing. Additionally, your mortgage with CanWise lending will be registered as a standard charge rather than collateral charge mortgage.

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QuestMortgage is an online mortgage platform provided by Questrade, a renowned online trading platform in Canada. The platform allows borrowers to apply for and receive mortgage approval online quickly. Borrowers get their queries answered by mortgage advisors over a phone call and can also check for the most competitive rates with them.

QuestMortgage offers generous prepayment privileges to borrowers, allowing them to make an additional lump sum payment of up to 20% of the initial balance each year. Borrowers can also increase their monthly payment by 100% of the original amount at any time. Furthermore, borrowers can opt for creditor's insurance with Canada Life at the time of application to secure their mortgage.

Local Victoria Mortgage Brokerages

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Jubilee Professional Building
1830 Oak Bay Avenue, Suite 203
Victoria, BC

Cutting Edge Lending is a brokerage based out of Victoria that serves the entire Vancouver Island. Established in 2011, the brokerage is a part of the Mortgage Alliance network. It has three offices and one affiliate office in and around Victoria. Working with over 40 lending partners, the brokerage deals in personal loans in addition to residential mortgages. Besides new purchases, renewals, and refinance, the brokerage also deals in reverse mortgages. Borrowers can apply for a mortgage with the option to select their preferred broker. Alternatively, borrowers can contact the brokerage through their website or phone number or visit one of their offices.

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307 Goldstream Ave
Victoria, BC

Auxilium Mortgage Corporation is a brokerage established in Victoria in 2011. The brokerage has two offices in Victoria and works with over 50 lenders, including banks, credit unions, and trust companies. Besides new mortgages, renewal, and refinance, the brokerage also offers services such as bad credit mortgages and inter alia mortgages. The brokerage frequently updates the best rates on its website; however, borrowers can give them a call for the latest available rates. Borrowers can complete their application and approval process online or contact the brokerage by phone, online inquiry, or an office visit. The brokerage offers a $250 incentive for the successful completion of referrals.

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Suite 301, 1321 Blanshard Street
Victoria, BC

Established in 2009, Olympic Mortgage has two offices in Vancouver Island. The brokerage works with a range of lenders such as banks, monoline lenders, b-lenders, and private lenders to offer ‘super low rates’ to their clients. The brokerage offers several mortgage solutions, including mortgages for newcomers, mortgages for the self-employed, commercial mortgages, and reverse mortgages. Borrowers can start applying online or book a 15-minute consultation through the website. Alternatively, borrowers can give them a call or fill out the online inquiry form.

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225 Dundas Street
Victoria, BC

Located in a Vic West landmark building, Wise Victoria Mortgages is an independent brokerage with a combined experience of over 100 years. The brokerage was founded in 2004 and offers a diverse range of mortgage services, including construction draw financing, non-resident mortgages, tax-strategized mortgage solutions, commercial mortgages, bridge loans, and more. Borrowers can apply online or contact the brokerage through phone, e-mail, or an online inquiry form.

Mortgage Broker Networks in Canada

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Dominion Lending Centres Office in Victoria:
Travelbea & Associates
754 Humboldt St
Victoria, BC

With over 3,000 mortgage experts operating from 400 offices, Dominion Lending Centres is an expansive mortgage broker network that operates nationwide in Canada. 50 DLC experts are working across ten offices in and around Victoria. The network has tie-ups with more than 90 lenders to deliver the best mortgage rates for their clients. Dominion Lending Centres offer their brokers training programs and resources to ensure their brokers are current with industry standards.

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