Laurentian Bank mortgage review — a broker's perspective
Quebec-based Schedule I bank with national broker-channel reach via B2B Bank (subsidiary). Standard A-lender residential plus a deep commercial real-estate desk. Strongest market presence in Quebec.
- Founded
- Founded 1846
- Headquarters
- Montreal, QC
- Products
- 5 product types
- Tier
- Other banks & direct lenders
- Broker licence
- FSRA #13737 broker
Who is Laurentian Bank good for?
Laurentian Bank suits borrowers inside the lender's home region, where appetite and service are strongest and files that want a bank name without Big-6 pricing. It is strongest on: Quebec residential, B2B Bank broker channel, Commercial real estate, Bilingual service.
Strong fit for
- Borrowers inside the lender's home region, where appetite and service are strongest
- Files that want a bank name without Big-6 pricing
- Borrowers who value a consumer channel as well as broker access
- The niches each regional bank underprices relative to the Big-6
Probably not the right fit if
- Files outside the lender's coverage footprint
- Borrowers needing the widest possible product shelf
- Complex BFS or bruised-credit files better placed alt-A
- Anyone expecting Big-6 breadth — appetite here is narrower by design
Not sure where your file fits? Start a free pre-qualification and we’ll check your fit across 99+ lenders — no credit check to begin.
What kind of lender is Laurentian Bank?
Laurentian Bank sits within the other banks & direct lenders tier of Canada's mortgage market. Chartered, provincial and direct-to-consumer institutions outside the Big-6 — regional banks like CWB and Laurentian, direct banks like Tangerine and Simplii, and Alberta's ATB. Like the Big-6 they run a consumer-facing channel as well as a lender channel, so there is a rate to compare; coverage is regional and appetite is narrower.
Working across 99+ Canadian lenders, our brokerage knows Laurentian Bank's underwriting appetite — what they say yes to, what they push back on, and what file structure gets a clean approval the first time. Laurentian Bank runs a consumer-facing channel alongside the broker channel, so there are two rate sheets here as well — we work the broker one. Coverage is regional rather than national, which is exactly why we price it against the rest of the network rather than on its own.
Laurentian Bank rate context — May 13, 2026
We can't publish lender-specific rates by name (lender confidentiality + daily-changing rate sheets). Here is today's market context for other banks & direct lenders pricing. Your exact Laurentian Bank rate depends on your file, term and insurance.
What mortgages does Laurentian Bank offer?
Laurentian Bank funds 5 mortgage types. We can access its full broker-channel menu.
- Purchase
- Renewal
- Refinance
- Commercial
- Investment
Should you go to Laurentian Bank directly or use a broker?
Laurentian Bank sells mortgages directly and through brokers. Through us, you see Laurentian Bank's broker-channel rate next to 99+ other lenders. We’re not employees of Laurentian Bank. We’re an independent FSRA-licensed brokerage that sends your file to Laurentian Bank when it’s the best fit — and to a different lender when it’s not.
Going direct to Laurentian Bank vs. through us
| Aspect | Direct with Laurentian Bank | Through Mortgage Squad Advisors |
|---|---|---|
| Rate sheet | The rate you are quoted going to them yourself (highest) | Broker-channel rate (typically 15-30 bps below the consumer sheet) |
| Lenders shopped | Just Laurentian Bank | 99+ lenders incl. Laurentian Bank |
| If declined | Application ends; reapply elsewhere | Re-route to next-best lender same day |
| Cost to borrower | $0 — bank pays its own staff | $0 — lender pays our compensation |
| Underwriting strategy | Laurentian Bank's lens only | We structure your file to Laurentian Bank's preferences before submission |
| Renewal benchmarking | Laurentian Bank sends a single offer; you accept or counter | We benchmark across 99+ lenders 120 days before renewal |
Same Laurentian Bank loan documents. Different shopping power. Start a pre-qualification to see what your file looks like across 99+ lenders.
How we work with Laurentian Bank
- Discovery
A 5-minute call about your income, credit, down payment, home and timeline. No credit check to start.
- Match
We compare your file with 99+ lenders, not just Laurentian Bank. If Laurentian Bank fits best, we go there.
- Submit
We send a full package to Laurentian Bank's broker desk, set up the way their underwriters like it.
- Funding
Approval, conditions, lawyer, funding. We manage every step.
Other other banks & direct lenders we shop alongside Laurentian Bank
Same tier, often similar rates. We compare Laurentian Bank with these every time.
Laurentian Bank mortgage broker — major Canadian cities
We place Laurentian Bank files across Canada. Pick your city for local market context.
Don’t see your city? Browse all Canadian markets — we lend nationally.
Laurentian Bank — common questions
Don’t see yours? Ask Maya.
What are Laurentian Bank's current mortgage rates in Canada?
How do I qualify for a mortgage with Laurentian Bank?
Is Laurentian Bank a good mortgage lender?
Can I switch to Laurentian Bank at renewal?
Does Laurentian Bank work with self-employed borrowers?
How long does Laurentian Bank take to approve a mortgage?
What's the difference between Laurentian Bank branch rates and broker rates?
Does Laurentian Bank offer pre-approvals?
What prepayment privileges does Laurentian Bank offer?
What if Laurentian Bank declines my mortgage application?
Pillar guides relevant to Laurentian Bank files
Our most comprehensive first-time-buyer guide. Pre-approval to closing day, the FHSA + RRSP Home Buyers' Plan stack, 30-year insured amortization for first-time buyers, the stress test in plain English, and closing-day costs.
Your bank's first renewal offer is an opening bid. This playbook covers the 21-day federal notice rule, the lender early-renewal window (often up to 120 days), and how to compare your bank's offer against the market instead of auto-renewing.
Refinancing isn't always a win. This guide gives you the break-even method we use: penalty + fees vs. monthly savings, with three illustrative scenarios (rate drop, debt consolidation, equity take-out).
The mortgage-side guide for Canadian real estate investors. Rental income offset vs. add-back, CMHC MLI Select, BRRRR-friendly lenders, portfolio limits, DSCR-style products, and how to keep your file qualifying as you scale.
Related lenders
Same broker. Different lender appetite.
Browse other lender tiers
Editorial commitment
This page is an editorial profile written from our brokerage’s perspective. We are not employed by Laurentian Bank and receive no payment from Laurentian Bank for this content. We compensate-disclose: on A-lender files the lender pays our brokerage compensation, and we earn the same regardless of which A-lender funds your file — so our recommendations are rate-agnostic. Rates and program details are reviewed quarterly; last reviewed May 13, 2026.
Get the best-fit lender for your file.
A 5-minute pre-qualification. No credit check to begin. We compare 99+ lenders — including Laurentian Bank — and recommend the right one.
Questions first? Chat with Maya, our AI assistant, or call us.