Average Mortgage Broker Salary in Canada

C$50,449
Avg. Salary
C$10,113
Bonus
C$54,861
Commission
C$4,287
Profit Sharing
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The average salary for a Mortgage Broker in Canada is C$50,449.
10%
C$31k
MEDIAN
C$50k
90%
C$117k
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United States (change)
Salary
C$31k - C$117k
Bonus
C$1k - C$50k
Profit Sharing
C$0 - C$4k
Commission
C$0 - C$55k
Total Pay
C$32k - C$123k

Your Market Worth Over Time

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Job Description for Mortgage Broker

Mortgage Broker Tasks
  • Interview and document credit, income, and financial history of clients.
  • Deploy marketing and sales strategies to attract new clients.
  • Mediate between the prospective homebuyer and the lending institution to underwrite and structure financial solutions.
  • Assess local mortgage market to find deals for client.
  • Apply for loans on behalf of borrower and collect documentation to pre-approve client.

Job Satisfaction for Mortgage Broker

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Popular Skills for Mortgage Broker

Pay by Experience Level for Mortgage Broker

An early career Mortgage Broker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of C$49,493 based on 38 salaries. A mid-career Mortgage Broker with 5-9 years of experience earns an average total compensation of C$52,414 based on 10 salaries. An experienced Mortgage Broker with 10-19 years of experience earns an average total compensation of C$65,000 based on 18 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$90,000.
Employees with Mortgage Broker in their job title in Ottawa, Ontario earn an average of 68.5% more than the national average. These job titles also find higher than average salaries in Toronto, Ontario (18.9% more) and Surrey, British Columbia (9.0% more). The lowest salaries can be found in Calgary, Alberta (18.4% less).

Years of Experience

This data is based on 73 survey responses.
Early Career
52.1%
Mid Career
13.7%
Experienced
24.7%
Late Career
9.6%

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