Trust companies

Olympia Trust mortgage review — a broker's perspective

Trust company specializing in self-directed registered plan (RRSP, TFSA, RRIF) administration. Active in arm's-length RSP mortgages — where a borrower's own registered plan funds their mortgage. Niche but powerful for high-net-worth borrowers.

Founded: Founded 1996
Headquarters: Calgary, AB
Products: 2 product types
Tier: Trust companies
Broker licence: FSRA #13737 broker

Start Pre-Approval See live rates 4.9 ★★★★★ Google Olympia Trust website

Reviewed by Mortgage Squad Advisors Editorial Team · Licensed Mortgage Advisors · Reviewed by the Principal Broker

FSRA Brokerage #13737 · 15+ years · Last reviewed May 13, 2026

Where Olympia Trust stands out

Who is Olympia Trust good for?

Olympia Trust suits CRA debt / lien refinances that conventional lenders decline and power-of-sale rescue with strong equity cushion. It is strongest on: Self-directed RRSP mortgages, Arm's-length RSP lending, Registered-plan administration, Calgary expertise.

Strong fit for

CRA debt / lien refinances that conventional lenders decline
Power-of-sale rescue with strong equity cushion
Equity-based files where credit or income is the issue, not value
Construction draws on owner-built projects

Probably not the right fit if

Prime A-lender files (better priced elsewhere)
Files needing 90%+ LTV (trust companies typically cap lower)

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.

Overview

What kind of lender is Olympia Trust?

Olympia Trust sits within the trust companies tier of Canada's mortgage market. Specialty trust-charter lenders. Useful for power-of-sale, CRA debt, and equity-based files.

Working across 99+ Canadian lenders, our brokerage knows Olympia Trust's underwriting appetite — what they say yes to, what they push back on, and what file structure gets a clean approval the first time.

Live rate context

Olympia Trust 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 trust companies pricing. Your exact Olympia Trust rate depends on your file, term and insurance.

5-yr fixed (insured)

3.94%

5-yr variable (insured)

3.55% (Prime −0.90%)

5-yr fixed (conv.)

4.59%

Prime

4.45%

Full live rate board Get your exact rate

Product menu

What mortgages does Olympia Trust offer?

Olympia Trust funds 2 mortgage types. We can access its full broker-channel menu.

Self-directed RSP
Specialty

Bank direct vs broker channel

Should you go to Olympia Trust directly or use a broker?

Olympia Trust sells only through brokers, so a licensed brokerage like ours is the way in. We’re not employees of Olympia Trust. We’re an independent FSRA-licensed brokerage that sends your file to Olympia Trust when it’s the best fit — and to a different lender when it’s not.

Going direct to Olympia Trust vs. through us

Aspect	Direct with Olympia Trust	Through Mortgage Squad Advisors
Rate sheet	Broker-channel only — no direct retail access	Direct broker-channel access — our day-one cost
Lenders shopped	Just Olympia Trust	99+ lenders incl. Olympia Trust
If declined	Application ends; reapply elsewhere	Re-route to next-best lender same day
Cost to borrower	$0 — bank pays its own staff	Disclosed up front (private/alt files only)
Underwriting strategy	Olympia Trust's lens only	We structure your file to Olympia Trust's preferences before submission
Renewal benchmarking	Olympia Trust sends a single offer; you accept or counter	We benchmark across 99+ lenders 120 days before renewal

Same Olympia Trust loan documents. Different shopping power. Start a pre-qualification to see what your file looks like across 99+ lenders.

How we work with Olympia Trust

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 Olympia Trust. If Olympia Trust fits best, we go there.
Submit
We send a full package to Olympia Trust's broker desk, set up the way their underwriters like it.
Funding
Approval, conditions, lawyer, funding. We manage every step.

Alternatives

Other trust companies we shop alongside Olympia Trust

Same tier, often similar rates. We compare Olympia Trust with these every time.

Computershare Trust Co.

Self-directed RRSP mortgages

B2B Trust

Newcomer mortgages

Effort Trust

Power-of-sale rescues

Manulife Trust

Manulife One product family

By city

Olympia Trust mortgage broker — major Canadian cities

We place Olympia Trust files across Canada. Pick your city for local market context.

Toronto Vaughan Mississauga Brampton Markham Oakville Richmond Hill Burlington

Don’t see your city? Browse all Canadian markets — we lend nationally.

FAQ

Olympia Trust — common questions

Don’t see yours? Ask Maya.

What are Olympia Trust's current mortgage rates in Canada?

Olympia Trust's rates change daily and are channel-specific — branch rates differ from broker-channel rates. As a brokerage we access Olympia Trust's broker-channel sheet, typically 15-30 bps below their walk-in rate. Our live rate board (last reviewed May 13, 2026) shows current best-in-network across 99+ lenders. See our live rate board.

How do I qualify for a mortgage with Olympia Trust?

Standard Canadian qualifying: 5%+ down (under 20% requires CMHC/Sagen/Canada Guaranty default insurance), OSFI B-20 stress test at the higher of contract rate + 2% or 5.25%, GDS ≤ 39% and TDS ≤ 44%. Olympia Trust's underwriting has specific preferences we know from working with them — we'll tell you whether your file is a strong fit before submitting.

Is Olympia Trust a good mortgage lender?

Olympia Trust is genuinely strong on: Self-directed RRSP mortgages, Arm's-length RSP lending, Registered-plan administration. As your broker we evaluate Olympia Trust against 99+ other Canadian lenders for your specific file — sometimes they're the best fit, sometimes a different lender is. The honest answer depends on your file profile, not the lender's marketing.

Can I switch to Olympia Trust at renewal?

Yes, if your file qualifies. A transfer-in at renewal typically costs you $0 — Olympia Trust covers the discharge fee from your old lender and the appraisal as a transfer incentive. We benchmark Olympia Trust's offer against your existing lender's renewal rate and the broader market 6 months before renewal so the switch (or stay) is timed properly.

Does Olympia Trust work with self-employed borrowers?

Olympia Trust focuses on standard A-lender files. For self-employed borrowers we'd typically place at a specialty BFS lender (Home Trust, Equitable, RFA, Haventree) and refinance to Olympia Trust once 2 clean NOAs accumulate. See our self-employed mortgages.

How long does Olympia Trust take to approve a mortgage?

Olympia Trust's commitment turnaround on a clean broker-channel file is typically 24-72 hours from submission. Complex files (BFS, foreign income, atypical down payment) can take 5-10 business days. Conditional approval to funding is usually 14-30 days depending on appraisal, lawyer, and conditions.

What's the difference between Olympia Trust branch rates and broker rates?

Olympia Trust is broker-channel only — they do not sell mortgages direct to the public, so there is no retail rate to compare against. Their entire pricing comes through licensed brokers.

Does Olympia Trust offer pre-approvals?

Yes — Olympia Trust, like all major Canadian lenders, offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to Olympia Trust for a real underwritten pre-approval, not just a soft rate-hold. This means if rates rise you're locked, and if they fall most lenders honour the lower rate. Start your pre-approval here.

What prepayment privileges does Olympia Trust offer?

Most major Canadian lenders including Olympia Trust offer 15-20% annual lump-sum prepayment plus 15-20% payment-increase privileges per anniversary year. The exact privilege depends on the specific product family (insured/insurable/conventional) and term selected. We disclose the privileges and IRD calculation method up front so you know your exit cost before you sign.

What if Olympia Trust declines my mortgage application?

As a broker we don't single-submit — if Olympia Trust declines, we have 98+ other lender options across A-tier, alt-A, MIC, and private. We'll diagnose the decline reason (credit, income, LTV, property type, beacon), fix what's fixable, and re-strategize. A bank decline ends your bank application; with us, it's one route taken off the map and we pivot.

Pillar guides relevant to Olympia Trust files

The First-Time Buyer Roadmap

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.

The Renewal Playbook

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.

The Refinance Decision Framework

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).

Related lenders

Same broker. Different lender appetite.

Trez Capital KingSett Capital Timbercreek Financial Centurion Asset Management

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Editorial commitment

This page is an editorial profile written from our brokerage’s perspective. We are not employed by Olympia Trust and receive no payment from Olympia Trust 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 Olympia Trust — and recommend the right one.

Questions first? Chat with Maya, our AI assistant, or call us.

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