Shopping for the best mortgage rate or a pre-approval? An independent broker can compare lenders for you. These are some of Edmonton’s top-rated mortgage brokers.
True North Mortgage
★ #1 TOP PICKNational brokerage with an Edmonton office in City Centre Mall. Sharp rates and fast pre-approvals.
📍 City Centre Mall, Downtown Edmonton, AB
Mortgage Tailors
✦ EDMONTON LIST RECOMMENDEDIndependent Edmonton brokerage handpicked as a top mortgage broker in the city.
📍 Edmonton, AB
Jason Scott – TMG The Mortgage Group
✦ EDMONTON LIST RECOMMENDED15+ years of experience. Specializes in first-time buyers, investors and refinancing.
📍 10525 170 St NW Unit 107, Edmonton, AB
Mortgage Connection
✦ EDMONTON LIST RECOMMENDEDTop-rated brokerage serving Edmonton and Calgary across all mortgage types.
📍 Edmonton, AB
Collin Bruce – Dominion Lending Centres
✦ EDMONTON LIST RECOMMENDEDOne of Edmonton’s best-known brokers, recognized nationally for mortgage volume and service.
📍 Edmonton, AB
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How to Choose a Mortgage Broker in Edmonton
A good mortgage broker in Edmonton compares dozens of lenders to find a rate and term that fits your situation — often a better deal than a single bank can offer. Confirm the broker is licensed in Alberta and read recent client reviews.
Ask how many lenders they work with, whether they specialize in first-time buyers, refinancing or self-employed clients, and how they are compensated. A transparent broker will walk you through your options without pressure.
Getting a Mortgage in Edmonton
Before house hunting, get a mortgage pre-approval so you know your budget and can move quickly on offers. Your broker will help you weigh fixed versus variable rates, plan your down payment, and pass the federal mortgage stress test.
Brokers can also point first-time buyers toward helpful programs such as the First-Time Home Buyer Incentive and RRSP Home Buyers’ Plan, and find solutions for clients with unique income or credit situations.
Mortgage Basics & Costs in Edmonton (2026)
Key numbers for Edmonton buyers. Broker services are usually paid by the lender for standard residential mortgages:
| Item | What to expect |
|---|---|
| Minimum down payment | 5% on first $500,000; 10% on the portion above (insured mortgages) |
| Mortgage default insurance | Required with under 20% down; premium added to the loan |
| Broker fee (standard mortgage) | Usually $0 — paid by lender |
| Home appraisal | $300–$500 |
| Real estate lawyer (purchase) | $1,000–$2,000 + disbursements |
| Land title registration | A few hundred dollars (no land transfer tax) |
General information only, not financial advice. Rules change — confirm current requirements with a licensed broker.
Working With a Mortgage Broker in Edmonton
Mortgage brokers in Alberta are licensed by the Real Estate Council of Alberta (RECA). A broker compares offers from banks, credit unions and alternative lenders, which is especially useful if you are self-employed, new to Canada or rebuilding credit.
Ask each broker how many lenders they work with, whether any fees apply to your file, and how they are compensated. Get pre-approved before house hunting so you know your budget and can hold a rate while you shop.
Mortgage Brokers across Edmonton & Nearby Areas
Edmonton mortgage brokers work with clients across the city — Downtown, Oliver, Old Strathcona, Mill Woods, Summerside, Windermere, Terwillegar, Glenora, Castle Downs and Clareview — and in St. Albert, Sherwood Park, Spruce Grove, Leduc and Beaumont. Many now offer virtual or phone consultations, so location matters less than experience with your specific situation.
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Frequently Asked Questions
Is a mortgage broker free in Edmonton?
For most standard residential mortgages the lender pays the broker, so the service is free to you. Brokers will disclose any fees for specialized or private lending up front.
Mortgage broker vs bank — which is better?
A broker shops many lenders at once to compare rates and terms, while a bank only offers its own products. Brokers are especially useful if you want choice or have a non-standard application.
What credit score do I need for a mortgage in Edmonton?
Many lenders look for a score around 680+ for the best rates, but options exist for lower scores. A broker can match you with a lender suited to your credit profile.
Is it better to use a mortgage broker or my bank in Edmonton?
A bank can only offer its own products, while a broker compares many lenders. It is worth getting a quote from both and comparing the rate, term, prepayment options and penalties.
Do mortgage brokers charge a fee in Alberta?
For most standard residential mortgages, the lender pays the broker. Fees can apply to private or alternative mortgages — a licensed broker must disclose these to you in advance.