Dominion Lending Centres

What Dominion Lending Centres does

Dominion Lending Centres Inc. (DLC), operating publicly on OTC markets under ticker BRLGF and headquartered in Port Coquitlam, British Columbia, is a Canadian mortgage brokerage franchisor that runs one of the country's largest networks of independent mortgage professionals, with 4,200-9,000+ brokers operating out of 500+ franchise offices across all Canadian provinces and territories. Founded in 2005 by Gary Mauris and Chris Kayat, the company celebrated its 20-year operating anniversary in 2025 and provides residential, commercial, and renewal mortgage origination services by connecting borrowers with access to more than 90 lenders, alongside adjacent financial products including reverse mortgages, equipment leasing, and mortgage life and disability insurance.

DLC's core platform is a franchise-based distribution system: independent brokers and agents license the DLC brand and gain access to its technology tools, multi-lender relationships, and centralized marketing. Consumer-facing components include the dominionlending.ca website with mortgage calculators and pre-qualification tools valid for 120 days, the Our House Blog, economic insights from Chief Economist Dr. Cooper, and the My Mortgage Toolbox mobile application. Underlying infrastructure includes commercial financing capabilities spanning CMHC-insured loans, construction financing, mezzanine and institutional financing, plus digital tools such as a payment amount calculator and pre-qualification engine. Strategic partnerships extend the platform through Equitable Bank's Illuma white-label prime lending product, Manulife's Mortgage Protection Plan, HomeEquity Bank's CHIP Reverse Mortgage, and Easylease commercial equipment leasing.

DLC earns revenue primarily through transaction and origination fees on funded mortgages, supplemented by affiliate referral commissions on insurance and equipment leasing products. Reported FY2025 funded mortgage volumes were a record CA$84.5 billion, up 25% year-over-year, generating revenue of CA$96.3 million (also up 25%) and adjusted EBITDA of CA$48.8 million at 51% margins (up 36%). Broker services are generally free to consumers using regulated lenders, with broker compensation paid directly by lenders. The company is led by co-founder and CEO Gary Mauris, governed by a seven-member board, audited by Ernst & Young LLP, and trades at a CA$675.8 million market capitalization.

Name

Dominion Lending Centres

Legal name

Dominion Lending Centres Inc.

Website

https://dominionlending.ca

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Dominion Lending Centres is a Canadian mortgage brokerage franchisor operating one of Canada's largest networks of independent mortgage professionals across 500+ offices, connecting borrowers with access to more than 90 lenders for residential, commercial, and renewal mortgage origination.

Ownership category

akta.pro rank

Product category

Mortgage Brokerage Services

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Real Estate Credit (522292)

SIC

Loan Brokers (6163), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Wholesale Mortgage Broker Networks / Master Brokers (FSALABAC)

akta.pro secondary industries

Debt & Structured Finance / Mortgage Brokerage (BPAJABAK), Residential Mortgage Brokerage (Purchase & Refinance) (FSAEAEAA)

Keywords

• Mortgage brokerage services
• Residential mortgage lending
• Commercial mortgage financing
• Mortgage broker network
• Franchise mortgage services

Headquarters

HQ city

Port Coquitlam

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mortgage Transaction/Origination Fees: DLC earns revenue from mortgage transactions originated through its broker network. The company operates as a franchisor, earning royalties and fees from franchisees based on funded mortgage volumes. Record 2025 funded mortgage volumes of $84.5 billion demonstrate the scale of transaction volume.
2. Commercial Leasing (Easylease): Commercial equipment leasing broker program providing financing for equipment vendors and businesses across Canada and the US. DLC leasing professionals earn referral/transaction fees for equipment lease transactions ranging from $2,000 to $5 million.
3. Insurance Products (Mortgage Protection Plan): Partnership with Manulife for Mortgage Protection Plan insurance products. DLC brokers facilitate mortgage life and disability insurance, earning referral commissions.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Dominion Lending Centres operates as Canada's largest mortgage brokerage franchisor, connecting borrowers with access to over 90 lenders through a network of more than 4,200 mortgage brokers across 500+ franchise offices. The company provides residential mortgage services (first-time buying, renewals, refinancing) and commercial mortgage financing (CMHC-insured, construction, mezzanine, institutional), supplemented by partner-offered insurance, reverse mortgage, and equipment leasing products.

Product overview

Dominion Lending Centres operates as a mortgage brokerage franchisor offering a platform-based model comprising a core residential mortgage brokerage network (over 4,200 brokers, 500+ offices) and a commercial division (DLC Commercial). The residential platform connects borrowers with access to over 90 lenders for first-time home buying, renewals, and refinancing. The commercial arm provides CMHC-insured financing, construction loans, mezzanine financing, and institutional financing. Additional products are offered through partnerships: Easylease (commercial equipment leasing), Manulife Mortgage Protection Plan (insurance), HomeEquity Bank's CHIP Reverse Mortgage (for homeowners 55+), and Illuma (Equitable Bank white-label prime lending). Digital tools include the DLC App, Payment Calculator, and Pre-Qualification Tool. The company celebrated 20 years in business in 2025.

Differentiator

Problem solved

Functional benefit

Brands

• Illuma: White-label brand in partnership with Equitable Bank offering insured high-ratio mortgages to DLCG brokers with a 5-year fixed rate of 4.19% and a 5-year ARM at P – 0.80%.

Products and services

• Residential Mortgage Brokerage Services Residential mortgage brokerage connecting individual borrowers (first-time homebuyers, renewals, refinancing) with over 90 lenders, providing personalized guidance and rate comparison through a national network of independent mortgage brokers.
• Mortgage Renewal Advisory Services Mortgage renewal advisory helping Canadian homeowners compare rates across big banks, credit unions, and alternative lenders to find better deals than their current bank's renewal offer.
• Mortgage Refinancing Services Mortgage refinancing services allowing homeowners to renegotiate their existing mortgage, access home equity (up to 80% of appraised value), consolidate debt, or modify mortgage terms through DLC brokers.
• First-Time Home Buyer Program Comprehensive guidance program for first-time homebuyers covering down payment assistance (including RRSP Home Buyers' Plan withdrawals up to $35,000), pre-qualification, pre-approval, and closing day processes.
• DLC Commercial Mortgage Financing Commercial mortgage financing services covering apartment buildings, shopping centres, office buildings, and industrial properties across Canada, including CMHC-insured financing, construction loans, mezzanine financing, and institutional financing.
• CMHC Insured Commercial Financing Canada Mortgage and Housing Corporation insured commercial construction loans for high-rise and mid-rise condominiums, freehold properties, rental apartments, retirement homes, mixed-use developments, and student housing.
• Construction Financing Commercial construction mortgage financing for office buildings, retail centres, industrial and warehouse properties, multi-unit residential development, and land/property acquisition, with typical terms of 12 to 36 months.
• Mezzanine / Secondary Financing In-house mezzanine and secondary financing solutions for commercial projects, with capability to fund up to 100% of project costs in some cases.
• Institutional Commercial Financing Commercial financing through relationships with chartered banks, life insurance companies, pension funds, mortgage funds, and governments, including adjustable-rate, fixed-rate, and interest-only commercial mortgages.
• Easylease Commercial Equipment Leasing Commercial equipment leasing broker program providing equipment financing for businesses and equipment vendors across Canada and the US, with access to over 30 funding relationships and transaction sizes from $2,000 to $5 million.
• Mortgage Protection Plan (MPP) Optional life and disability insurance underwritten by Manulife, designed to protect mortgage borrowers and their families against unexpected death or disability, with coverage that moves with the policyholder.
• CHIP Reverse Mortgage Reverse mortgage product by HomeEquity Bank offered through DLC brokers, allowing Canadian homeowners aged 55+ to access up to 55% of their home's value in tax-free cash with no required monthly payments.

Quantifiable outcome

• On average, DLC mortgage professional has access to over 90 lenders
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Ernst & Young LLPminorOthers · 8 May 2026Reappointed as auditor at May 2026 annual general meeting, approved with 99.99% of votes cast.
• Equitable BankcoreStrategic or Co-development PartnerEquitable Bank re-entered the prime lending market through exclusive partnership with Dominion Lending Centres Group (DLCG) to launch Illuma, a white-label brand offering insured high-ratio mortgages with a 5-year fixed rate of 4.19% and 5-year ARM at P - 0.80%. The partnership allows the bank to re-enter the A-mortgage market with a streamlined approach focused on a single broker network after exiting in 2024 due to cost inefficiencies.
• ManulifecoreGTM or Marketing PartnerManulife Mortgage Protection Plan offered through DLC broker network. The plan provides optional life and disability insurance to help protect homeowners and their families against unexpected events, covering mortgage life insurance and mortgage disability insurance.
• HomeEquity BankcoreGTM or Marketing PartnerCHIP Reverse Mortgage product offered through DLC brokers for Canadian homeowners aged 55+. The reverse mortgage allows access to up to 55% of home value in tax-free cash with no required monthly payments.
• EasyleaseminorChannel Partner/ Reseller/ DistributorNational commercial leasing broker with over 23 years in business. Easylease works with AAA to subprime credit and has access to over 30 funding relationships, offering equipment financing from $2,000 to $5 million through DLC franchise network.
• CMHC (Canada Mortgage and Housing Corporation)coreStrategic or Co-development PartnerDLC Commercial experts secure mortgage financing direct from CMHC. Insured financings offer considerable savings to borrowers with lower overall cost of borrowing. CMHC insures various construction loans including high-rise condominiums, freehold properties, apartments, retirement homes, and student housing.
• Dundarave Management LtdminorStrategic or Co-development PartnerDLC Group acquired 50% interest in Dundarave Management Ltd as part of $17.3M strategic investments and acquisitions to expand alternative lending market presence.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Verico: Verico is one of Canada's largest mortgage broker networks, operating a similar franchise-based model connecting independent mortgage professionals with multiple lenders. It is the most directly comparable domestic competitor to DLC's franchise/master broker structure.
• TMG The Mortgage Group: TMG operates a Canadian mortgage broker network with hundreds of brokers across the country, providing access to multiple lenders. Its franchise model and focus on independent mortgage professionals make it a direct domestic peer to DLC.
• M3 Financial Group: M3 is a Canadian mortgage brokerage network offering access to multiple lenders through independent mortgage professionals. Its network model and lender-agnostic positioning make it a direct competitor to DLC in the Canadian broker channel.
• Mortgage Centre Canada: Mortgage Centre operates a national Canadian mortgage brokerage network with hundreds of brokers. It competes directly with DLC in the franchise/network broker segment serving Canadian homebuyers and renewals.
• Invis (MCAP): Invis is a Canadian mortgage broker network owned by MCAP, providing independent mortgage professionals access to multiple lenders. It directly competes with DLC's network for brokers and consumer mortgage origination in Canada.

Emerging players

• True North Mortgage: True North Mortgage is a fast-growing digital-first Canadian mortgage broker with a salaried-employee model rather than franchise. It targets the same Canadian borrowers as DLC but with a different operating model, making it an emerging competitive threat.
• Ratehub.ca (CanWise): Ratehub.ca operates a Canadian mortgage comparison platform with an integrated brokerage arm. It competes with DLC by offering online rate comparison and direct digital mortgage origination to Canadian consumers.
• Nesto: Nesto is a Canadian fintech mortgage lender/broker operating digitally with competitive rates. It competes for the same Canadian mortgage customer as DLC's broker network, particularly tech-savvy first-time buyers.

Broad incumbents

• Rocket Mortgage (Rocket Companies): Rocket Mortgage is the largest US digital mortgage lender with a direct-to-consumer model. While not in Canada, it is a useful comparator for digital mortgage origination scale and the kind of platform competition that could eventually reach the Canadian market.

Others

• Equitable Bank: Equitable Bank is a Canadian Schedule I bank and DLC's exclusive white-label mortgage partner (Illuma brand). While primarily a lender rather than broker, it is a key partner/ecosystem participant whose distribution strategy depends heavily on DLC's network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DLCCanada
• Facebookfacebook.com/DominionLendingCentresCanada
• LinkedInlinkedin.com/company/dominion-lending-centres

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dominion Lending Centres