How We Ranked This List
We evaluated each option based on five criteria: value for money, fees, features, accessibility, and user experience. All products on this list are available to Canadian residents and have been verified as of March 2026.
The Canadian financial market has seen significant changes in recent years, with digital-first products increasingly competing with — and often beating — traditional bank offerings on rates, fees, and convenience.
Nesto
Online mortgage broker
Competitive fixed and variable
No in-person support
Newer company
RBC Mortgage
Big 5 bank mortgage
Multiple term options
Higher posted rates
Less negotiation room
TD Mortgage
Big 5 bank mortgage
Fixed and variable
Higher rates than brokers
Monthly fees possible
MCAP
Mortgage lender
Competitive pricing
No branch access
Less brand recognition
True North Mortgage
Mortgage broker
No-frills pricing
Limited product range
Regional availability
Methodology
Our rankings are based on independent research and are not influenced by compensation. We may earn a referral fee from some products listed, but this does not affect our rankings. All information is verified as of March 2026 and rates are subject to change.
Bottom Line
The best option for you depends on your specific needs, but you cannot go wrong with any product on this list. For maximum savings, consider KOHO for a $20 signup bonus + $100 per referral alongside one of the products above. Sign up for KOHO here with code 45ET55JSYA.