Wealthsimple Mortgages
Digital mortgages through Wealthsimple's own brokerage, which shops your application across 25+ lenders. New clients can also claim a $25 welcome bonus with code _Y024Q.
Wealthsimple has expanded beyond investing and banking into home financing, but it does not lend the money itself. Wealthsimple Mortgage Services Inc. is a licensed mortgage brokerage that shops your application across more than 25 lending partners and assigns you an in-house broker. The whole application happens online. Rates, terms and availability change often, so always confirm the current details at wealthsimple.com.
What Wealthsimple Mortgages is
Wealthsimple runs its own licensed brokerage, Wealthsimple Mortgage Services Inc. You apply online at wealthsimple.com, answer a few questions about your income and the property, and get a personalized rate in minutes. From there a dedicated in-house broker takes over, searching more than 25 lending partners for the best rate and guiding you to closing. Wealthsimple does not fund the mortgage itself, it arranges it with a third-party lender and may receive a referral fee for doing so.
Earlier versions of this product were fronted by Pine, a digital mortgage lender Wealthsimple partnered with. Wealthsimple now markets the service under its own brokerage licences, so the old wealthsimple.pine.ca application path is no longer the route to take.
As of September 2026, the rates Wealthsimple advertises on its mortgage page are 4.19% for a 5-year fixed and 3.45% for a 5-year variable. Those are teaser rates that move constantly and depend on your file, so treat them as a starting point, not a quote.
How the application works
The process has three stages:
- Secure your rate, apply online and answer general questions to get a personalized rate in minutes.
- Speak with a broker, Wealthsimple assigns you an in-house broker who searches its lending partners and handles the paperwork.
- Close, you get a commitment letter from the chosen lender and complete the purchase or refinance.
Because Wealthsimple is the broker rather than the lender, your actual mortgage contract, renewal terms and prepayment privileges come from whichever lender you end up with.
Where it's available
Wealthsimple Mortgage Services is licensed in Ontario, British Columbia, Alberta, Saskatchewan, New Brunswick, Nova Scotia, PEI and Newfoundland and Labrador. Quebec, Manitoba and the territories are not covered. Coverage can expand, so check whether your province is supported when you apply.
Key features
- Fully digital application, apply and upload documents online, with no branch visit.
- 25+ lending partners, the broker shops your file rather than selling you one lender's product.
- A dedicated broker, one in-house contact from application through to closing.
- One money relationship, sits alongside your investing, banking and tax.
- Fixed or variable, choose a fixed rate for payment certainty or a variable rate that moves with the market, with the standard Canadian term options.
Eligibility & what to know
Approval follows standard mortgage criteria, your income, credit history, down payment and the property itself, plus the federal mortgage stress test. Choose Wealthsimple for the rate and the service you get. A mortgage is a major commitment, so compare the full cost (rate, term, prepayment terms and fees) against other brokers and lenders before you commit. This page is educational, not financial advice.
Who it's for
Wealthsimple Mortgages suits people who want a broker to do the shopping without a branch appointment, and existing clients who already keep their investments and banking in one place. Judge it on the rate you are quoted, not on your membership tier. First-home buyers should look at the FHSA to build a tax-free down payment before they apply.
Mortgages & the $25 bonus
The $25 welcome bonus is tied to opening and funding an eligible Wealthsimple account, separate from any mortgage application. As a new client, sign up with code _Y024Q, deposit at least $100 within 30 days, and $25 lands in your Chequing account, a simple way to start the relationship before you explore a mortgage.
Open your Wealthsimple account and claim your free $25.
Get $25 with code _Y024QHow to apply
- Sign up for Wealthsimple with code _Y024Q and open an account.
- Deposit at least $100 within 30 days to claim the bonus.
- Start your mortgage application on the Wealthsimple mortgage page and get a personalized rate in minutes.
- Share your income, down payment and property details, then work with the broker Wealthsimple assigns you.
- Review the lender they match you with, receive your commitment letter and close.
- Compare the full cost and terms against at least one other broker before you commit.
New to Wealthsimple? Start with our step-by-step claim guide using code _Y024Q.
Past mortgage offers
Wealthsimple runs mortgage promotions from time to time. The offers below have closed and are kept here for reference only.
- Mortgage Cash Back Offer (January 15 to August 14, 2026). A one-time cash payment after closing, from $100 up to $3,000. The amount depended on the size of your mortgage and your client tier.
Wealthsimple Mortgages questions
Common questions about mortgages and the $25 bonus.
