Overview
The term "Mortgage Investors Group" in Canada most commonly refers to mortgage offerings and investment products managed by IG Wealth Management through their federally regulated subsidiary, Investors Group Trust Co. Ltd. There is no major Canadian mortgage lender operating under the name "Mortgage Investors Group" as a standalone entity; the well-known Mortgage Investors Group (MIG) operates primarily in the U.S. Southeast and is not a Canadian company. In Canada, the closest equivalent is IG Wealth Management’s suite of mortgage solutions and investment options, frequently referred to as "Investors Group" or "IG."
IG Wealth Management and Canadian Mortgage Offerings
Key Features
- IG Wealth Management provides mortgage solutions through Investors Group Trust Co. Ltd., a federally regulated trust company.
- Mortgages are often brokered by nesto Inc., a licensed Canadian mortgage brokerage.
- IG offers both mortgages and home equity lines of credit (HELOCs) as part of a broader cash flow and financial planning strategy.
- Mortgage advisors are licensed professionals; their titles and licensing requirements vary by province.
Services and Products
- Fixed and variable rate mortgages
- Home Equity Lines of Credit (HELOCs)
- Cash flow and debt management planning
- Mortgage pre-approvals and renewals
- Integrated financial and estate planning
Provincial Licensing and Variations
- IG Wealth Management operates under different licensing structures across provinces:
- Ontario & Nova Scotia: Registered as a Mortgage Brokerage and Administrator
- Quebec: Registered as a financial services firm
- New Brunswick: Registered as a Mortgage Brokerage
- Other provinces: Appropriate local registration as required
| Province/Territory | Licensing Title/Requirement |
|---|
| British Columbia | Sub Mortgage Broker/Mortgage Broker |
| Alberta | Mortgage Associate/Mortgage Broker |
| Saskatchewan | Associate/Mortgage Broker |
| Manitoba | Salesperson/Authorized Official |
| Ontario | Mortgage Agent/Mortgage Broker |
| Quebec | Mortgage Broker/Mutual Fund Rep. |
| New Brunswick | Mortgage Associate/Mortgage Broker |
| Nova Scotia | Associate Mortgage Broker/Mortgage Broker |
| Newfoundland & Labrador | Mortgage Broker |
Current Mortgage Rates and Special Offers
- IG Wealth Management’s mortgage rates are set by Investors Group Trust Co. Ltd. and are competitive within the Canadian market.
- Special offers may include up to $2,500 CAD cash back when switching an eligible mortgage to IG, subject to terms and conditions. Note that any prepayment charges from your current lender are not included in this offer.
Major Canadian Bank and Broker Comparisons
IG Wealth Management’s mortgage products are competitive with those from major Canadian banks and national brokers. They distinguish themselves by integrating mortgage planning with overall financial and investment strategies.
| Lender/Provider | Mortgage Offerings | Cash Back/Promotions | Integrated Planning |
|---|
| IG Wealth Management | Fixed/Variable, HELOC, Planning | Up to $2,500 cash back | Yes (full financial plan) |
| Major Banks (e.g., RBC, TD) | Fixed/Variable, HELOC | Varies by bank | Limited/optional |
| Online Brokers (e.g., nesto) | Fixed/Variable, HELOC | Varies, often lower rates | No |
First-Time Homebuyer Programs & Government Incentives
- IG Wealth Management advisors can help clients access and structure government incentives such as the First-Time Home Buyer Incentive, Home Buyers’ Plan (HBP), and regional programs.
- These programs are available across Canada but vary by province, so eligibility and benefits may differ.
Actionable Next Steps & Recommendations
- For Canadians seeking to compare mortgage rates, access expert advice, or start a mortgage application, it’s recommended to use theratefinder, a comprehensive Canadian platform. Theratefinder offers a multi-step application process, competitive rates from top lenders, and solutions for residential, commercial, and construction loans.
- To explore rates and find a personalized mortgage solution, start your application at theratefinder.ca/onboarding.
Summary
- Mortgage Investors Group in Canada refers to IG Wealth Management’s mortgage solutions, managed by Investors Group Trust Co. Ltd., not to be confused with the similarly named U.S. company.
- IG offers a wide variety of mortgage options with licensed provincial advisors and integrates mortgage services with holistic financial planning.
- Special cash back offers are available for mortgage switches, and IG advisors can help navigate government homebuyer programs.
- For rate comparisons and streamlined applications, Canadians are encouraged to use theratefinder for the best options from top lenders.