FinanceGovernment / OECD · 96/1000–2 years
Entry Level Mortgage Banker Salary in Toronto
2026 · Recent graduates and professionals with under 2 years of experience.
$48,139/yr
Typical range: $43,052 – $56,945
P10–P25 · BLS OEWS employer payroll data
Mortgage Banker salary by experience level in Toronto
Mortgage Banker Salary Progression in Toronto
From entry-level through staff — based on BLS OEWS percentile data
| Experience Level | Years | Percentile | Annual Salary | Monthly | vs Entry |
|---|---|---|---|---|---|
| EntryThis page | 0 yrs | 0 yrs | $48,139 | $4,012 | — |
| Junior | 2 yrs | 2 yrs | $62,114 | $5,176 | +29% |
| Mid-Level | 4 yrs | 4 yrs | $72,467 | $6,039 | +51% |
| Senior | 6 yrs | 6 yrs | $87,271 | $7,273 | +81% |
| Staff | 10 yrs | 10 yrs | $125,782 | $10,482 | +161% |
| Principal | 14 yrs | 14 yrs | $171,125 | $14,260 | +255% |
| Distinguished | 18 yrs | 18 yrs | $182,461 | $15,205 | +279% |
Current Salary
$48,139
Entry Level · 0–2 years
Hourly: $23/hr
Next Level Target
$62,114
Junior · 2
+$14Kpotential uplift
Career Opportunity
30/100
High Risk
+4% demand · Moderate AI risk
Frequently Asked Questions
What is the entry level Mortgage Banker salary in Toronto, Canada?
Entry Level Mortgage Bankers in Toronto, Canada earn approximately $48K per year (2026). This corresponds to the P10–P25 range of BLS OEWS employer payroll data.
How much does a entry level Mortgage Banker make per hour in Toronto, Canada?
Based on $48K annually, the hourly rate is approximately $23/hr (2,080-hour work year).
How do I get from entry level to senior Mortgage Banker in Toronto, Canada?
The typical progression takes 4–6 years with consistent skill development, project leadership, and strategic job moves. A senior Mortgage Banker in Toronto, Canada earns $106K–$140K/yr.