Average Mortgage Broker Salary in Canada

Annual Base Salary - $52,955.00/year

The average annual salary of Mortgage Broker is $52,955.00

$35,970.00
Low
$52,955.00
Average
$100,940.00
High

The starting salary of Mortgage Broker is between $30,575.00 and $35,970.00 whereas the maximum salary range is between $100,940.00 and $116,081.00.

Minimum Annual PayMaximum Annual Pay
$30,575.00$116,081.00
Average Hourly Pay - $19.08/hour

The average hourly pay of Mortgage Broker is $19.08.

$0.00
Low
$19.08
Average
$19.62
High

The maximum hourly wage is between $19.62 and $23.00.

Minimum Hourly PayMaximum Hourly Pay
$0.00$23.00
Bonus Range: Tooltip
$2,100.00 - $49,440.00
$2,100.00
$116,081.00
Commission: Tooltip
$41,340.00 - $74,550.00
$41,340.00
$116,081.00
Profit Sharing: Tooltip
$2,140.00 - $136,500.00
$2,140.00
$116,081.00
  • Currency : CAD
  • Annual Salary : $52,955.00
  • Hourly Pay : $19.08
  • Weekly Pay : $989.00
  • Fortnightly Salary : $1,977.00
  • Monthly Salary : $4,284.00

Mortgage Broker Salary Comparison by Gender

Female
Male

This pie chart demonstrates the gender share for Mortgage Broker. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.

As shown in the chart, male employees are involved significantly more as Mortgage Broker compared to female. Their involvement is 52% while of female is only 48%.

Salary Distribution Based on Years of Experience

The line graph shows Mortgage Broker salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.

For Mortgage Broker working less than a year in a company, you notice that their annual salary starts around $52,720.50.

As the years of experience reaches 1 to 4, there is a decrease of $634.82 which would decline total wage to $52,085.68.

Once the experience reaches 5-9 years Mortgage Broker salary would increase again to a total of $62,696.87, adding $10,611.19 from the last salary increase.

After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of $65,168.17.

And finally, once the Mortgage Broker gains 20 years of experience or more, their salary would reach $91,800.00.

Compensation Statistics Based on Experience Levels

This combination of a line and the bar graph shows how the experience affects the salary of Mortgage Broker. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.

As shown in the trends, lowest earning is $51,896.00 whereas the highest earning is $90,024.00 which clearly shows the salary increases with the level of expertise.

Experienced person will earn the maximum salary of $90,024.00 at 70%. So to summerize, Entry Level earns 2% less than the average salary, Early Career earns 2% less than the average salary, Mid Carrer earns 18% more than the average salary, Late Career earns 20% more than the average salary, Experienced earns 70% more than the average salary.

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