Wealthsimple Mortgages
Digital mortgages powered by Pine, with a tier-based cash back of up to $3,000 for Wealthsimple clients, plus a $25 welcome bonus when you open an account with code _Y024Q.
Wealthsimple has expanded beyond investing and banking into home financing, but rather than underwriting loans itself, it partners with Pine, a fully digital Canadian mortgage lender. You apply online, share your documents digitally, and as a Wealthsimple client you can earn a cash back that scales with your account tier. Rates, terms and availability change often, so always confirm the current offer directly with Wealthsimple and Pine.
What Wealthsimple Mortgages is
Wealthsimple Mortgages is a partnership with Pine, a digital-first Canadian mortgage lender. You apply at wealthsimple.pine.ca, share your income and property details online, and get matched with a rate, without the branch visits and paperwork of a traditional bank. The headline benefit for existing clients is a cash back tied to your Wealthsimple tier, paid into your Chequing account after closing. It rounds out Wealthsimple's goal of being an all-in-one money platform.
The cash back offer by tier
Under the current 2026 Wealthsimple x Pine offer, the cash back is calculated from the highest Wealthsimple client status you reach between receiving your commitment letter and closing:
| Client status | Up to |
|---|---|
| Core | $500 |
| Premium ($100K+) | $1,500 |
| Generation ($500K+) | $3,000 |
The exact amount also depends on the size of your mortgage. Offers like this change over time, the structure has shifted before, from a monthly rebate to today's lump-sum cash back, so always confirm the live terms at wealthsimple.com before relying on a figure.
How the cash back works
The mechanics of the current offer:
- Apply through Pine via wealthsimple.pine.ca and receive a commitment letter, that's what enrols you in the offer.
- Close within 120 days of the commitment letter to qualify.
- Paid as a lump sum into your Wealthsimple Cash account, typically within about five business days of closing.
- Tier is locked to your best status reached between the commitment letter and closing, so bumping up a tier during the process can increase your cash back.
Where it's available
Pine currently supports mortgages on properties in BC, AB, SK, MB, ON, NS, NB, NL and PEI, with Quebec in progress. Coverage can expand, so check whether your province is supported when you apply.
Key features
- Fully digital application, apply and upload documents online through Pine.
- Tier-based cash back, up to $500 / $1,500 / $3,000 by Wealthsimple status.
- One money relationship, manage the cash back 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, Pine offers 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. The cash back is a perk on top of the loan, not a reason to choose a worse rate: a mortgage is a major commitment, so compare the full cost (rate, term and fees) against other lenders, and confirm everything before you commit. This page is educational, not financial advice.
Who it's for
Wealthsimple Mortgages is a natural fit for existing clients who already keep their investments and banking with Wealthsimple and want a digital application plus a cash-back perk, particularly Premium and Generation members, who earn the largest rebates. First-home buyers should also 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 Cash 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 through Pine at wealthsimple.pine.ca.
- Share your income, down payment and property details and get matched with a rate.
- Receive your commitment letter (this enrols you in the cash back offer) and close within 120 days.
- Review the full cost and terms, and confirm the current offer before you commit.
New to Wealthsimple? Start with our step-by-step claim guide using code _Y024Q.
Wealthsimple Mortgages questions
Common questions about mortgages and the $25 bonus.
