List of Top Mortgage Lenders in Canada

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It is essential to establish a relationship of mutual trust with your mortgage lender – since you will be paying the lender monthly, for a long period of time, it is important to partner with someone who will value your business and do justice to it. While there are numerous mortgage lenders spread out across Canada, ten lenders can be ranked as the top of the line, offering low rates, superb customer service, flexible mortgage terms, and a host of useful options that customers can avail, like refinancing, making changes, or discharging your mortgage.

Scotia Bank

Scotia Bank has everything you need craft a mortgage suited specifically to your needs. Look through the variety of rates they have to offer, and make a selection from fixed rate, variable rate, or other mortgagee rate options.

First National

The largest non-bank lender in Canada, First National offers both commercial and residential mortgages, providing a wide array of innovative mortgage solutions with the backing of a team of experts who are committed to delivering the best.

TD Bank

Offering same-day loan decisions, and guaranteed closing costs, and a host of options for customers at any stage of the home-buying process, the TD Bank offers competitive interest rates and flexible features which earn them a top spot on any list of Canada’s best mortgage lenders.

MCAP Service Corporation

The mortgage lending process can be a tedious and confusing process, but MCAP is bound to make the journey a lot easier for you. Frequently voted a top lender by mortgage professionals in Canada, MCAP offers solid policy procedures, common sense lending, and an excellent customer support staff.

Street Capital

While Street Capital do not rank among the older, more established lenders, they have managed to gain a considerable foothold in a short space of time, and have gone on to become the 7th largest mortgage lender in Canada. Competitive interest rates, and an excellent selection of attractive products earn Street Capital Financial a solid spot on this list, and their high level of customer service only adds to their credentials.

National Bank

The National Bank offers a host of attractive and flexible mortgage packages, along with additional options and exceptionally low interest rates. The Made-to-Measure mortgage is among their most attractive offers, and this lender is backed by a group of experts who are only too happy to advise and guide customers.

Macquarie

With the backing of the global Macquarie Group, Macquarie Financial offer competitive rates and features that can help you tailor your mortgage to suit your particular needs. Their mortgage planners guide you through the entire home financing process as well as the mortgage renewal process, and the payment options on offer are surprisingly flexible.

ING Direct

The largest direct ban in Canada, and part of the ING group, ING Direct is one of the largest, most prominent providers of integrated financial services in the world. Providing simple yet competitive products and services, ING Direct not only offers you ease of doing business, but remains thoroughly committed to its customers. ING is the leading lender when it comes to pre-payment policies (25% privileges).

Merix

Having built their foundations on the extensive knowledge and expertise of their mortgage broker partners, Merix is ranked among the top-most lenders in Canada by most brokers, owing to their competitive and consistent rates. Low rates, coupled with exceptional customer service and a wide range of products and services, make Merix a top mortgage lender in Canada.

FirstLine Mortgages

A division of CIBC Mortgages Inc, FirstLine Mortgages have been counted among the top-five mortgage lenders in Canada for a while, owing to their superb services and top-notch customer service. However, as of July 31, 2012, FirstLine Mortgages stopped accepting new mortgage applications, although this change had no effect on existing clients.

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