Laurentian Bank · Canadian lenderLaurentian Bank mortgage rates — and how to beat the posted rate.
Laurentian Bank’s broker rate is typically 15-30 bps below the rate you’d see walking into a branch. We compare it against 100+ lenders so you get the best fit, not one bank’s sheet.
What are Laurentian Bank’s mortgage rates?
Laurentian Bank isn’t posting every term on our board. Where it isn’t, the card shows the best in our network.
- Lender type
- Canadian lender
- Headquarters
- Montreal, QC
- Established
- 1846
- Products
- 5+ types
Laurentian Bank rates by term
How does Laurentian Bank’s broker pricing work?
Laurentian Bank has two rate sheets: a posted rate for branch customers and a lower broker rate, usually 15-30 bps lower. Only a licensed brokerage can get the broker rate. On a $600,000 mortgage, 20 bps is about $1,200 a year.
Why Laurentian Bank's broker rate is lower, and what Laurentian Bank does well
Most Canadian lenders, Laurentian Bank included, run two rate sheets: a posted/branch rate quoted to walk-in customers, and a wholesale broker-channel rate offered through licensed mortgage brokers. The broker rate is usually 15-30 bps lower because the broker handles origination, document collection and file packaging — work the lender would otherwise pay branch staff to do.
You can’t access the broker rate by walking into a Laurentian Bank branch — only a licensed brokerage can submit to their broker desk. We do exactly that, then put the same file in front of 100+ other lenders so Laurentian Bank’s offer is benchmarked against the whole market. On a $600,000 mortgage, 20 bps is roughly $1,200 a year in interest — real money over a 5-year term.
- Quebec residential
- B2B Bank broker channel
- Commercial real estate
- Bilingual service
Laurentian Bank mortgage rates — FAQ
What are Laurentian Bank's mortgage rates today?
Lenders run two rate sheets — the posted/branch rate and the broker-channel rate. As an FSRA-licensed brokerage we access Laurentian Bank's broker-channel pricing, typically 15-30 bps below their posted rate. Your exact rate depends on your file (income, credit, LTV, property).
What's the difference between Laurentian Bank's posted rate and the broker rate?
The posted (or "special offer") rate is what you see advertised or quoted in a branch. The broker-channel rate is the wholesale pricing Laurentian Bank offers through licensed brokers — usually 15-30 bps lower because the broker does the origination work. You can only access it through a broker; we submit your file directly to Laurentian Bank's broker desk.
Is Laurentian Bank a good mortgage lender?
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.
Can I get a lower rate than Laurentian Bank's rate?
Sometimes. Laurentian Bank is strong for certain files, but another of our 100+ lenders may price your specific situation better. We compare Laurentian Bank against the whole network on one application — you get Laurentian Bank's best and the market's best, then choose.
Can I switch to Laurentian Bank at renewal?
Yes — switching to Laurentian Bank at maturity is usually penalty-free, and a straight transfer (same balance, same amortization) skips the stress test. We handle the paperwork and confirm Laurentian Bank's renewal/switch pricing against the rest of the market so you don't auto-renew at a higher rate.
Does Laurentian Bank offer rate holds?
Yes — like all major Canadian lenders, Laurentian Bank offers rate holds (typically 90-120 days) for pre-approved borrowers. We can submit your file to Laurentian Bank for a real underwritten pre-approval.
How do I apply for a Laurentian Bank mortgage?
Through a licensed broker you reach Laurentian Bank's broker channel directly. Start a no-obligation application with Mortgage Squad Advisors (FSRA #13737) and we'll submit to Laurentian Bank — and compare it against the rest of the network — with no bureau pull to begin.
Get Laurentian Bank’s best rate — and 100+ others.
One application, no credit pull to begin. We submit to Laurentian Bank and shop the whole network for your file.
Bring us a written offer from a big bank. We’ll try to beat it. If we can’t, we pay you $500. Conditions apply. See the conditions