As of today, brokers across Canada will have access to AKAL Canada’s turnkey solution aimed at helping them develop and scale their brokerages.
“Our evolution from AKAL Mortgages to AKAL Canada is not just about scale, it’s about the impact that we really wanted to make on the mortgage industry,” says co-founder and co-CEO Mohinder Pal Singh.
“It’s not just a business milestone; it’s a chance to set a high standard in the industry and create lasting impact in the communities we serve,” added co-founder and co-CEO Kuljit Singh.
In addition to the territorial expansion, AKAL Canada has set its sights on empowering brokers to operate with an enterprise mindset, becoming what the company refers to as “Brokerpreneurs.”
The pair, who coincidentally arrived in Canada in the same month — September of 1992 — first met as classmates studying quality engineering at Sheridan College the following year. After growing their careers in separate industries — first as quality coordinators, then quality engineers, then quality managers — the two decided to join the burgeoning mortgage business together in 2000.
“When we came into this industry, we went to a few brokerages and asked what kind of training and support they offered,” Mohinder Pal says. “Unfortunately, people did not offer that; they simply told us, you bring your deals, we will do the deals and give you your share of the commission, but we don’t have time for the formal training you’re looking for.”
That’s ultimately what inspired the two quality engineers to design their own educational offering. After opening their brokerage, AKAL Mortgages — borrowing the word ‘AKAL,’ which in Sikhism and Punjabi means “immortality” or “timelessness” — they dedicated themselves to building a foundation of excellence.
“When we formalized AKAL Mortgages with the regulator at that time, we only had one thing in mind: making sure mortgage brokers do not have to go through the same thing that we went through [to learn the business],” Mohinder Pal says. “They will come, we will train them, they will become producers, they will become team leads and this will help them open their own brokerages.”
That training program begins with a five-day boot camp — one day each dedicated to lead generation, mortgage products, underwriting and credit analysis, income generation, and finally real-world scenario practice — and continues with weekly education on the latest in the industry.
“After that we provide access to lenders through strategic lending partnerships,” Mohinder Pal says, adding that AKAL has partnerships with the M3 Group and Mortgage Alliance. “And that’s followed by one of the core strengths we’re best known for: mentorship that empowers brokers to grow with confidence.”
In 2022, AKAL took its first step outside of Ontario when it received a licence to operate in British Columbia.
“Three years ago, Kuljit and I decided to travel across Canada and attend all the Mortgage Professionals Canada symposiums around the country,” Mohinder Pal says. “That put us on the national stage, and it’s how our name, AKAL, became recognized, with mortgage brokers across the country reaching out to learn more,” adds Kuljit, who has been a member of MPC’s board for the last five years.
That inbound interest from across the country is ultimately what inspired the two to look more closely at a national strategy, and what ultimately inspired the launch of AKAL Canada.
“AKAL has always represented integrity and professionalism,” Luc Bernard, the Chairman & CEO of M3 Mortgage Group, said in a statement. “Their bold move to launch the AKAL brand under AKAL Canada is a natural evolution, and we’re proud to support their vision.”
A national expansion built around the idea of driving success together
Along with the territorial expansion comes a new program to help brokers elevate their mortgage brokerage businesses and adopt an enterprise mindset in building their organizations.
“We have helped enthusiastic brokers with no background in mortgages become producers, then team leaders, and eventually brokerage owners,” Mohinder Pal says. “Training, support and access were always available to help them grow, but now they can start their own teams across Canada, and can establish brokerages that build a lasting legacy for themselves and their families.”
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Last modified: September 24, 2025