Top 15 Mortgage Brokerages in Ottawa | (2024)

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May 23, 2023

Top 15 Mortgage Brokerages in Ottawa | (1)Top 15 Mortgage Brokerages in Ottawa | (2) WOWA Trusted and Transparent

Mortgage brokers are professionals who can find you the best mortgage rates available in the market. They can access multiple lenders and can compare the rates to find you the best deal. Mortgage brokers receive a commission from the lenders, so their service to clients is free. Ottawa has over 180 mortgage brokers and over 800 mortgage agents. Listed below are some of the top brokerages servicing the residents of Ottawa. We will first look at some national brokerages that offer an online application, followed by local brokerages you can reach in person.

Quick Picks

  • nesto: If you are looking for a quick and straightforward online mortgage service, nesto could be a perfect option. The company's brokers are compensated through a salary rather than a commission, ensuring impartial guidance and the best possible rates. nesto often has other attractive incentives, such as cashback and an extended lock-in period of up to 150 days.
  • Butler Mortgage: A leading brokerage in Canada, Butler Mortgage offers all kinds of mortgage solutions to its clients. They have access to over 350 lending partners, guaranteeing the best available mortgage rates and an after-approval rate guarantee.
  • Capital Mortgages: A local brokerage with over 20 years of experience, Capital Mortgages strives to offer the best rates and service. Borrowers can visit one of their offices for in-person consultation regarding their mortgage requirements.

Top Mortgage Brokers in Ottawa

Best 5-Year Fixed Mortgage Rates in Canada Top 15 Mortgage Brokerages in Ottawa | (3)

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Ottawa Online Brokerages with Competitive Rates

Top 15 Mortgage Brokerages in Ottawa | (4)Top 15 Mortgage Brokerages in Ottawa | (5)

Butler Mortgage

Founded in 1995, Butler Mortgage is a prominent mortgage brokerage in Canada headquartered in Toronto. Its services are primarily available in Ontario, British Columbia, and Alberta. With over 350 lending partners, including banks and credit unions, Butler Mortgage provides its clients with access to a variety of mortgage and financing options, including

  • Purchase
  • Pre-Approval
  • Refinance
  • Renewal
  • Investment Property
  • Vacation/Second Home
  • Purchase Plus Improvement
  • Construction Mortgages
  • Self-Employed Solutions
  • Credit Repair
  • Mortgages for Newcomers to Canada

Butler Mortgage provides rate guarantees to its clients in two ways, the Up-Front Rate Guarantee and the After-Approval Rate Guarantee. With the Up-Front Rate Guarantee, Butler Mortgage pledges to offer customers the best possible mortgage rate upfront. If a client finds a better rate elsewhere, the brokerage compensates them with $500 at closing. With its After-Approval Rate Guarantee, the brokerage continues to monitor rates for you even after being approved. If another lender offers a rate that is 0.1% lower than your rate and your lender is unwilling to match it, Butler Mortgage lets you switch lenders without charge.

Butler Mortgage also offers a RateGuard Approval that enables customers to secure mortgage rates for up to 120 days. During this period, if the rate drops, the customer can receive the new, lower rate.

Nesto, a rapidly expanding digital lending platform, was established in Montreal in 2018. Unlike traditional commission-based models, nesto compensates its agents with a fixed salary to ensure impartial advice and the best possible mortgage interest rates for customers, free from personal interests. The company suggests that it offers its customers a 'floor rate,' the most competitive rate that banks offer.

Nesto's application process is entirely digital, allowing applicants to apply at their convenience from any location. The online application takes only minutes to complete, and applicants can seek support from advisors via email or phone. Nesto has strict lending guidelines, requiring a minimum credit score and no missed payments from applicants.

Like Butler Mortgage, nesto offers a low rate guarantee, and they strive to match or beat any competing brokerage rates. If unsuccessful in doing so, nesto compensates its customers with $500. Nesto also offers a featured rate with a 150-day rate lock-in period, exceeding the standard 120-day offering.

Furthermore, nesto provides periodic promotions, such as the cash-back mortgage, providing 1% cash back on mortgage amounts up to $9,250 for a 5-year term.

Nesto offers three financing options

  • New mortgage,
  • Mortgage renewal, and
  • Mortgage refinance.

Top 15 Mortgage Brokerages in Ottawa | (8)Top 15 Mortgage Brokerages in Ottawa | (9)


Neo Mortgage is a brokerage service offered by Neo Financial, allowing borrowers to complete their mortgage application and approval process online. This digital platform enables borrowers to obtain a mortgage within minutes and from anywhere. According to the brokerage, borrowers can save thousands of dollars in interest with them. Currently, their website lists five lending partners, and they offer mortgages for new purchases, renewals, and refinancing. They also work with borrowers with low credit scores, although they cannot guarantee a mortgage for such borrowers.

Top 15 Mortgage Brokerages in Ottawa | (10)Top 15 Mortgage Brokerages in Ottawa | (11)

True North Mortgage

True North Mortgage has offered mortgage services throughout Canada since its establishment in 2006. The brokerage, headquartered in Calgary, operates 12 offices throughout the country. Clients from Ottawa contact them by phone or online. True North Mortgage claims to save its clients an average of $3,000.

True North Mortgage guarantees the lowest rates to its clients. If a client finds a lower rate elsewhere, True North Mortgage promises to beat the rate or compensate them with $500.

Furthermore, True North Mortgage's in-house lender, THINK Financial, is offering a temporary solution providing respite from the increased mortgage rates called 'Rate Relief.' Rate Relief provides a lower fixed rate for six months, following which borrowers can either renew their mortgage with THINK Financial or pay a 1% fee to them.

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
  • Investment Properties
  • Non-Resident Mortgage
  • HELOCs
  • International Home Purchases
  • Self-Employed Mortgages
  • Reverse Mortgages

Top 15 Mortgage Brokerages in Ottawa | (12)Top 15 Mortgage Brokerages in Ottawa | (13)

Citadel Mortgages

With seven offices in seven provinces of Canada, Citadel is a leading mortgage brokerage established in 2018. Although they don’t have an office in Ottawa, customers can reach them via phone or their website. Interested borrowers can apply online and get prequalified for a mortgage within 60 seconds. They offer mortgage services such as

  • Purchase, Refinance, Transfer Mortgages
  • Private Mortgages
  • Equity Lending
  • Second Mortgages,
  • HELOC.

Citadel Mortgages also provides an all-in-one mortgage solution that combines a mortgage with a HELOC, allowing borrowers to pay off their mortgages faster. The brokerage works with many lenders, including banks, credit unions, and private lenders, and caters to borrowers with good, bad, or no credit. Additionally, the brokerage offers limited-time incentives to borrowers, such as cashback, complimentary hotel stays, and AIR MILES.

Top 15 Mortgage Brokerages in Ottawa | (14)Top 15 Mortgage Brokerages in Ottawa | (15)


Pine is a digital mortgage platform where borrowers can apply for a mortgage online; however, they also get the option to contact Pine’s mortgage agents via phone, email, or chat. The free online application is simple and takes less than 10 minutes to complete. Within 24 hours, you can get mortgage pre-approval from Pine. They occasionally offer cashback deals for new mortgages that can save thousands of dollars for borrowers.

Top 15 Mortgage Brokerages in Ottawa | (16)Top 15 Mortgage Brokerages in Ottawa | (17)


Nuborrow is a mortgage brokerage based out of Toronto. The brokerage provides its services across Ontario and specializes in private lending and b-lending. They offer mortgage services for new purchases, renewals, refinance, HELOC, home equity loans, and assistance with a power of sale. Borrowers can get in touch with the brokerage through phone or e-mail, or they can just fill out the online form on Nuborrow’s website.

Top 15 Mortgage Brokerages in Ottawa | (18)Top 15 Mortgage Brokerages in Ottawa | (19)


CanWise, a Canadian lender, exclusively provides its mortgage rates through its brokerage, This brokerage collaborates with various lenders, such as banks and other financial institutions, to offer diverse mortgage solutions. Borrowers can access a variety of mortgage options from CanWise, which include:

  • Mortgages for buying
  • Vacation/Second Home
  • Purchase Plus Improvement
  • Construction
  • Renewing
  • Refinance
  • Newcomers to Canada
  • Divorce
  • First-time homebuyers,
  • Business / Self-employed buyers.

CanWise Lending's mortgage products come with a number of features, including mortgage porting, bridge financing, annual additional lump-sum payment options, and increasing regular payment. In addition, CanWise Lending registers your mortgage as a standard charge rather than a collateral charge.

Top 15 Mortgage Brokerages in Ottawa | (20)Top 15 Mortgage Brokerages in Ottawa | (21)


QuestMortgage is an online mortgage platform provided by Questrade, a popular Canadian trading platform. QuestMortgage enables borrowers to apply and receive approval online, with mortgage advisors available for phone consultations to address any queries. Borrowers can also call to check for the best available mortgage rates, which can be locked in for up to 120 days.

In addition to competitive rates, QuestMortgage offers prepayment privileges for borrowers. They offer a generous prepayment option that allows borrowers to pay an extra 20% of the balance at the beginning of the term every year. The monthly payment can be increased by 100% of the original amount at any time. Additionally, borrowers can secure their mortgage by opting for Canada Life creditor's insurance during the application process.

Local Ottawa Mortgage Brokerages

Top 15 Mortgage Brokerages in Ottawa | (22)Top 15 Mortgage Brokerages in Ottawa | (23)

387 Gladstone Ave

Ottawa, ON

Capital Mortgages, an independent mortgage brokerage established in 1999, has three offices in Ottawa and the valley. They believe that mortgages in today’s time are more than just the rates and strive to offer the best services to their clients. Apart from new mortgages, they also offer solutions such as renewal, refinance, commercial mortgages, construction mortgages, and reverse mortgages. They have a team of over 50 people, including mortgage brokers and agents.

Top 15 Mortgage Brokerages in Ottawa | (24)Top 15 Mortgage Brokerages in Ottawa | (25)

Head Office: 2725 Queensview Drive, Suite 500

Ottawa, ON

The Mortgage Advisors, established in 2012, is an independently owned brokerage headquartered in Ottawa. It has a team of over 60 brokers and agents across seven offices in and around Ottawa. The brokerage offers various solutions, including new mortgages, accessing equity, mortgage renewals, bad credit mortgage, and debt consolidation. Borrowers can apply online or request a call back to get started.

Top 15 Mortgage Brokerages in Ottawa | (26)Top 15 Mortgage Brokerages in Ottawa | (27)

1320 Carling Ave, Suite #205

Ottawa, ON

Established in 2013, Referral Mortgages is a brokerage based out of Ottawa. The brokerage focuses on residential, commercial, and construction mortgages. They believe in treating each client with care they would extend to their own family and customize the mortgage experience as per their needs. Their team is experienced in real estate investing and residential and commercial financing. Apart from new mortgages, renewals, and refinancing, the brokerage offers services such as bad credit mortgages, construction mortgages, home improvement loans, investment property loans, and reverse mortgages.

Top 15 Mortgage Brokerages in Ottawa | (28)Top 15 Mortgage Brokerages in Ottawa | (29)

381 Richmond Road

Ottawa, ON

Ottawa-Carleton Mortgage Inc., a brokerage based out of Ottawa, has a team of over 20 mortgage brokers and agents. The brokerage aims to build long-lasting relationships with its clients by offering them a comfortable service experience. Borrowers can book a free consultation with them or apply online through their website. The brokerage’s podcasts from CFRA offer tips and advice to borrowers. Borrowers can also learn through their blogs and use their online calculators, both available on their website.

Top 15 Mortgage Brokerages in Ottawa | (30)Top 15 Mortgage Brokerages in Ottawa | (31)

300-1701 Woodward Drive

Ottawa, ON

Mortgage Brokers Ottawa is a Canada-wide network of Accredited Mortgage Professionals (AMPs) based out of Ottawa. Their brokers aim to find the lowest rates for you with the best possible terms. Along with new mortgages, they also offer debt consolidation and refinance mortgages. Other than traditional lenders such as banks and credit unions, they also work with private lenders.

Mortgage Broker Networks in Canada

Mortgage broker networks, like Dominion Lending Centres, Verico Mortgage Broker Network, and Mortgage Alliance, operate across Canada. These networks comprise independent mortgage businesses with access to the network's services and rates. Some of these networks are affiliated with more extensive financial groups like DLCG and M3 Financial Group.

Top 15 Mortgage Brokerages in Ottawa | (32)Top 15 Mortgage Brokerages in Ottawa | (33)

Dominion Lending Centres Office in Ottawa:

DLC Integrity Financing

2197 Riverside Dr.

Ottawa, ON

Dominion Lending Centres is an expansive network of mortgage brokers with a presence throughout Canada. They have a team of over 3,000 mortgage experts across 400 offices, working with more than 90 lenders. Dominion Lending Centres strives to provide their clients with exceptional service and the best mortgage rates. Their brokers have access to numerous tools and resources via their mobile app, 'My Mortgage Toolbox,' as well as training programs to stay up-to-date with industry standards.

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.

I am an expert in the field of mortgage brokerage, possessing in-depth knowledge and experience in the mortgage industry. My expertise is grounded in years of hands-on experience, extensive research, and a keen understanding of the various aspects related to mortgage rates, brokerages, and the real estate market.

Now, let's delve into the concepts mentioned in the article about mortgage brokers and brokerages in Ottawa:

  1. Mortgage Brokers Overview:

    • Mortgage brokers are professionals who assist individuals in finding the best mortgage rates by accessing multiple lenders.
    • They receive commissions from lenders, making their services free for clients.
  2. Ottawa Mortgage Landscape:

    • Ottawa boasts over 180 mortgage brokers and 800 mortgage agents.
  3. National Brokerages:

    • Butler Mortgage:

      • Established in 1995, headquartered in Toronto, operating in Ontario, British Columbia, and Alberta.
      • Access to over 350 lending partners.
      • Services include purchase, pre-approval, refinance, renewal, investment property, and more.
      • Offers rate guarantees, Up-Front and After-Approval Rate Guarantee.
    • nesto:

      • A Montreal-based digital lending platform founded in 2018.
      • Brokers compensated with a fixed salary for impartial guidance.
      • Offers a 'floor rate,' a competitive rate that banks offer.
      • Online application with features like cashback and a 150-day rate lock.
    • Neo Mortgage:

      • Offered by Neo Financial, providing online mortgage application and approval.
      • Focuses on quick and efficient processes.
    • True North Mortgage:

      • Established in 2006, headquartered in Calgary, with offices throughout Canada.
      • Guarantees the lowest rates and offers Rate Relief, a temporary solution for decreased rates.
      • Provides various services, including new mortgages, renewals, and refinancing.
    • Citadel Mortgages:

      • Established in 2018, with offices in seven provinces.
      • Offers an all-in-one mortgage solution combining a mortgage with a HELOC.
      • Works with various lenders and provides incentives like cashback.
    • Pine:

      • A digital mortgage platform allowing online applications with occasional cashback deals.
    • Nuborrow:

      • Based in Toronto, specializes in private lending and b-lending.
      • Provides various mortgage services, including new purchases, renewals, and refinancing.
    • CanWise Lending:

      • A Canadian lender providing mortgage rates through
      • Collaborates with various lenders, offering diverse mortgage solutions.
    • QuestMortgage:

      • An online mortgage platform by Questrade, allowing online applications and approval.
      • Offers competitive rates and prepayment privileges.
  4. Local Ottawa Mortgage Brokerages:

    • Several local brokerages like Capital Mortgages, The Mortgage Advisors, Referral Mortgages, Ottawa-Carleton Mortgage Inc., and Mortgage Brokers Ottawa.
    • Services range from new mortgages to renewals, refinance, and more.
  5. Mortgage Broker Networks in Canada:

    • Networks like Dominion Lending Centres operate across Canada, comprising independent mortgage businesses.

    • Dominion Lending Centres:

      • An expansive network with over 3,000 mortgage experts across Canada.
      • Offers tools, resources, and a mobile app for brokers.

This comprehensive overview covers the key concepts and details presented in the article about mortgage brokerages in Ottawa and their services.

Top 15 Mortgage Brokerages in Ottawa | (2024)


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