CHOOSING A BROKERAGE

Canada's brokerage networks, explained

Ten brand names. Three parent companies. Knowing who owns what changes how you read a recruiting pitch.

A broker weighing up a move will be pitched by several networks that look independent. Most of them are not. Ten of the best known brand names in Canadian mortgage brokering sit under three parent companies.

This page sets out who owns what, using company filings and press releases only. It carries no ranking and no view on which network is better. Disclosure: A.I.M.I. Collective Mortgage Group is a brokerage within the Dominion Lending Centres network.

Three parent groups

Dominion Lending Centres Inc.

Publicly traded on the TSX as DLCG, listed on the TSXV in January 2021 and moved to the TSX in February 2022. Owns the DLC brand, Mortgage Architects, acquired 31 December 2015, and Mortgage Centre Canada, acquired from CIBC Mortgages on 24 June 2013. Reported $84.5 billion in funded volume, 9,023 agents and 505 franchises for FY2025.

M3 Financial Group

Private, headquartered in Montreal, with CDPQ holding a minority stake since November 2021. Owns Multi Prets, Mortgage Alliance, Invis, Mortgage Intelligence and Verico, which it acquired in September 2017. Reported more than 8,500 brokers and over $75 billion in trailing volume as of October 2025.

Charlwood Pacific Group

Private, and also the owner of Century 21 Canada. Owns CENTUM Financial Group, which launched in 2002 and acquired the Axiom Mortgage Partners network in June 2020.

Genuinely independent

TMG The Mortgage Group remains founder owned and reported more than 1,700 mortgage professionals in April 2025. Pineapple Financial is publicly traded on NYSE American as PAPL. There are two listed companies in the space, on two different exchanges.

Why the ownership map matters

If you are comparing two brands that share a parent, you are comparing two products from one company rather than two competitors. Terms, technology and lender agreements may differ between them, but the commercial interest behind both is the same.

It also affects technology. In August 2026 Dominion Lending Centres announced it had acquired Filogix from Finastra for $58.5 million. Filogix is used across the broker channel, including by brokers at networks DLC does not own.

Nobody publishes their splits

No network in this group publishes commission splits, desk fees, franchise royalty percentages or membership pricing. Verico's model has been described as a flat membership fee rather than a percentage royalty, but no figure is public. Any split number you find online is unsourced. Ask each brokerage directly and get it in writing.

Common questions

Is Mortgage Architects a competitor of Dominion Lending Centres?
They are separate brands under the same parent. MA Mortgage Architects Inc. is a wholly owned subsidiary of Dominion Lending Centres Inc., which acquired it on 31 December 2015.
Who owns Verico?
M3 Mortgage Group announced its acquisition of Verico Financial Group on 21 September 2017. Verico brokers remain independent owner operators within that network.
Which networks are publicly traded?
Two. Dominion Lending Centres Inc. trades on the TSX as DLCG. Pineapple Financial trades on NYSE American as PAPL. M3 and Charlwood Pacific are private.

Where to verify this

Ownership and scale figures come from Dominion Lending Centres Inc. filings and news releases, M3 Group and CDPQ releases, Charlwood Pacific Group, and reporting by Canadian Mortgage Trends. Figures are as published by each company on the dates given. Current as of 3 September 2026.

Comparing networks?

If you are working through a shortlist, a discovery call is a straight conversation about what our numbers actually are.