Get a low mortgage rate from your living room
Find your perfect mortgage and get up to $3,000 cash back. No branch visits or paperwork — just a simple, digital-first experience.
Find a great rate
3.94%Fixed mortgage rate
A fixed rate means your insured rate will stay the same for the term of your mortgage.
3.45%Variable mortgage rate
A variable rate means your insured rate could change over the term based on the Bank of Canada’s prime interest rate.
For information about APR and the assumptions on these rates, click here.
The future of home buying is here
Low rates
We’ll search across 25+ lending partners to find you the best possible rate. And because our streamlined, automated process cuts out unnecessary fees, we pass those savings on to you.
Faster approvals
Get your personalized rate in minutes. The seamless online application process means there’s no need for paperwork or in-person appointments.
Added savings
Eligible clients get an exclusive cash back bonus soon after closing on their mortgage. The more assets you have with us, the more you’ll get back.
Wealthsimple clients get even more
Having all your investments in one place means spending less on your mortgage. T&Cs apply.
Let’s calculate your potential cash back
Your total is based on a combination of your mortgage amount and your client status.
Core | Premium | Generation | |
|---|---|---|---|
| $150,000–$249,999 mortgage | $100 | $250 | $500 |
| $250,000–$499,999 mortgage | $150 | $500 | $750 |
| $500,000–$749,999 mortgage | $200 | $750 | $1,000 |
| $750,000–$999,999 mortgage | $250 | $1,000 | $1,500 |
| $1M+ mortgage | $500 | $1,500 | $3,000 |
how to: housing guide
Everything you need to know to buy a home
Can you write a (nearly) foolproof offer letter? Why should you never close on a Friday? Here's answers to the most important and confusing questions home buyers face.
Sharie Minions, Principal Mortgage Broker
How mortgages at Wealthsimple work
Our in-house brokers search the market to help find you a great rate. We work with over 25 lending partners to choose from. Once we’ve found your perfect fit, your dedicated broker will handle all the details for you and connect you to the right people.
How to go from loan to home
Step 1
Secure your rate
Apply online, answer some general questions, and get your personalized rate in a matter of minutes.
Step 2
Speak with a broker
We’ll assigns you a dedicated Wealthsimple broker to help find you the best rate possible and walk you through next steps.
Step 3
Close and save
Once you’ve closed on your mortgage, your cash back bonus will be deposited into your Wealthsimple chequing account within 5 business days.
Wealthsimple Mortgage Services Inc brokerage licenses are as follows; Ontario #13684, British Columbia #MBX607385, Alberta #00596783, Saskatchewan #514077, New Brunswick #240058637, Nova Scotia #2025-3000817, and Newfoundland & Labrador #24-07-WE102-1
Make the move and get a low rate
You’re just a few minutes away from getting a personalized rate.
Extra helpful articles and advice
A few things to know before buying, renewing, or refinancing.
FAQs
What mortgages does Wealthsimple offer?
What mortgages does Wealthsimple offer?
We work with our partners to offer a full range of residential mortgages — whether you’re buying, refinancing, or switching. This includes owner-occupied homes, second homes, and rental properties. Pre-approvals are available across all categories, with a minimum mortgage amount of $150,000. And, we support both insured and uninsured mortgages, with no cap on cash disbursements.
Are there any fees involved?
Are there any fees involved?
We won’t charge you any fees, but depending on the type of mortgage, you might have to pay legal fees for registration, title insurance if it’s required by the lender, or an appraisal if it’s needed.
Wealthsimple doesn't make money off of any of these fees and will always provide clients with an APR disclosure at mortgage approval.
Are prepayment privileges available?
Are prepayment privileges available?
Pre-payment privileges vary lender to lender but most lenders typically allow pre payments of 10-20% of the principal amount per year. Your Wealthsimple broker will walk you through what's permitted on your mortgage at the time of approval.
Can I get my mortgage through Wealthsimple from anywhere in Canada?
Can I get my mortgage through Wealthsimple from anywhere in Canada?
Right now, you can get a mortgage through Weathsimple in Ontario, Alberta, British Columbia, Saskatchewan, New Brunswick, Nova Scotia, PEI, and Newfoundland.
How is my cash back calculated?
How is my cash back calculated?
The cash back amount is calculated based on your client status — Core, Premium, or Generation — and the value of your mortgage.
We’ll use the maximum client status you had between the day you received your commitment letter and the day your mortgage closed, inclusive of those dates.
If you apply with a co-applicant(s), we’ll use the highest client status between co-applicants. You and your co-applicant can create a household in the Wealthsimple app to combine your assets by following these steps. We’ll use your household client status for the calculation.
You can see more frequently asked questions about the cash back offer here or read the terms and conditions here.