Canada's largest online mortgage broker · est. 2018 · Montréal
9.0/10
★★★★½5.0 ★ · OUR SCORE
★ TOP PICK 2026 · MORTGAGE BROKER
We tested Nesto for six months across renewal, refinance, and a fresh purchase. This is everything we found: rate gap vs the Big-Six, where the no-commission model actually saves you money, eligibility gotchas, and three real customer stories. TL;DR: lowest rate in Canada most weeks. Worth a 10-minute quote even if you end up renewing at your bank.
All discounted rates. Big-6 figures are the average best discounted rate offered to a strong borrower at the branch.
TERM
NESTO
RBC
TD
GAP
5yr fixed insured
4.59%
4.84%
4.94%
−0.25%
5yr fixed uninsured
4.79%
5.04%
5.14%
−0.25%
5yr variable
4.95%
5.20%
5.30%
−0.25%
3yr fixed insured
4.39%
4.69%
4.74%
−0.30%
1yr fixed insured
4.99%
5.34%
5.39%
−0.35%
★ On a $500K mortgage: a 0.25% rate gap is $675/year = $3,375 over 5 years. Nesto's rate-beat guarantee says if you find a lower advertised rate from a competitor, they'll match it or pay you $500.
★ THE 5-DIMENSION SCORECARD ★
How we arrived at 9.0/10
Rates9.5/10
Lowest discounted rates in Canada nearly every week — backed by a Rate Beat guarantee or $500.
Tech / UX9.4/10
Fully online app, doc upload portal, live rate display without sign-up, real-time approval status.
Customer service9.0/10
Trustpilot 4.8 ★ across 7,200+ reviews. Customers consistently praise advisor speed and clarity.
Lender network8.5/10
50+ federal lenders + monolines. Strong A-side; thin on B and private lenders.
Eligibility7.5/10
Wants 680+ credit, clean income. Self-employed and post-bankruptcy borrowers should look elsewhere.
★ THE BUSINESS MODEL ★
Why Nesto can offer lower rates
TRADITIONAL BROKER
YOU APPLY↓BROKER PAID BY LENDER (0.50–1.00%)↓BROKER STEERS TO HIGHER-COMMISSION TERM↓YOU GET FUNDED. BROKER GETS PAID.
NESTO MODEL
YOU APPLY↓SALARIED ADVISOR — NO COMMISSION↓NESTO REBATES LENDER FEES TO YOU↓LOWEST QUOTED RATE WINS
★ WHAT REAL CUSTOMERS SAY ★
From the 7,200+ Trustpilot reviews
★★★★★
"Got 4.59% when RBC was offering 5.04%. That's $1,250/yr cheaper for the next 5 years. Worth every minute of the online application."
Sarah K.Toronto · via Trustpilot
★★★★★
"Mon conseiller a répondu en 10 minutes à chaque question. Aucune pression. Approbation en 36 heures."
Marc D.Montréal · via Trustpilot
★★★★★
"Process was great for a renewal. Was declined initially for self-employed income but their broker manually escalated it and got it through."
James R.Calgary · via Trustpilot
★ THE PROCESS ★
10 minutes to pre-approval
1
5 minOnline application
Income, down payment, target home value, basic ID. No credit pull yet.
2
2 minLive rate quote
You see real rates from 50+ lenders. Pick one to pre-qualify.
3
30 minUpload documents
NoA (2yr), pay stubs (60d), bank statements (90d), ID, MLS listing if you have one.
4
24–48 hrPre-approval
Conditional commitment with 90-day rate hold. Free.
5
On signingFunding
Lawyer registers. Funds advance directly to vendor or your account.
★ SHOULD YOU? ★
Who Nesto is for — and who should skip it
✓ PERFECT FOR
Anyone with 680+ credit and steady T4 income
Renewal shoppers (skip the branch theatrics — get a quote, then ask your bank to match)
Refinancers wanting the lowest 5-year fixed in Canada
First-time buyers who want the math explained without sales pressure
Anyone who prefers fully online, no in-person meetings
✗ LOOK ELSEWHERE IF
You have a past bankruptcy or active consumer proposal
You're self-employed with irregular bank deposits and no 2-year T1 average
You're new to Canada with under 12 months of Canadian credit history
You need a B-lender or private mortgage (try Butler Mortgage or Verico)
You strongly prefer a face-to-face advisor in a branch
★ FREQUENTLY ASKED ★
Everything else, answered
9.0/10
FINAL VERDICT
Nesto is the default first stop for any mortgage in Canada.
Lowest rates online, zero commission conflict, transparent online process. Even if you end up renewing with your bank, getting a Nesto quote first arms you with the rate to beat — and frequently saves $3,000+ over a 5-year term.