How Canadian Employers Can Empower Their Workforce with the Marmot Mortgage Accelerator Benefit

Canadian employers and benefits advisors are continuously seeking innovative ways to improve the attractiveness of their workplace to attract and retain top talent and cultivate productivity. Traditional compensation is only part of the answer as employees place increasing value on financial wellness benefits that address real-life concerns like debt. 

Marmot Benefits’ Mortgage Accelerator Benefit offers a uniquely Canadian solution that helps employees pay off their mortgage faster, and provides employers a forward-thinking tool to boost recruitment, retention, and overall workforce financial wellness.  

What Is Marmot’s Mortgage Accelerator Benefit? 

The Mortgage Accelerator Benefit is an employer-sponsored financial wellness benefit that allows businesses to redirect group retirement savings contributions to help pay off their employees’ mortgage principal. Employee mortgages are paid faster, helping to save thousands in interest and shave years off their loans. 

In short, it’s a smarter, modern way to help Canadian employees own their homes sooner, without overhauling existing benefits plans. 

Why This Matters for Canadian Employers 

Financial stress is a silent productivity destroyer. Studies show that financially stressed employees are more distracted, miss more work, and are more likely to seek new jobs. In Canada, where housing affordability remains a top concern, helping employees pay off their mortgage is more than a generous perk, it’s a strategic business decision. 

Key Employer Benefits 

• Increase Employee Engagement: Financially secure employees are more focused, productive, and loyal. 

• Enhance Your Value Proposition: Show employees you’re invested in their long-term success, beyond salary and bonuses. 

• Seamless Integration: Easily added alongside existing Canadian benefits like GRSPs, DPSPs, GTFSA, and ESPPs. 

• Attract and Retain Talent: Differentiate your organization with a benefit that speaks directly to Canadians' top financial worry. 

Real-World Impact: Terracon Geotechnique  

Terracon, a Canadian leader in geotechnical engineering, implemented Marmot’s Mortgage Accelerator Benefit to address one of their employees’ most pressing financial concerns — housing costs.  

Terracon employees quickly saw results: accelerated mortgage repayment, increased home equity, and reduced financial stress. As a result, Terracon experienced improved morale, stronger employee loyalty, and a more competitive edge in their industry. 

A Strategic Addition for Canadian Benefit Advisors 

If you’re a benefits advisor supporting Canadian clients, Marmots’ Mortgage Accelerator Benefit is a high-impact benefit to add to your offerings. 

• Complements core benefits  

• Offers measurable return on investments for employers 

• Enhances your clients’ total rewards strategy 

• Simple to administer with minimal HR overhead 

Why Focus on Mortgage Debt? 

Mortgages account for over two-thirds of household debt in Canada. Housing affordability remains a top issue as employees struggle with fluctuating interest rates and general inflation in the cost of living.  Targeted mortgage benefits, unlike onetime bonuses or raises, provide a long-term, compound benefit with clear ROI for both employer and employee. 

A Win-Win for the Canadian Workplace 

The Mortgage Accelerator Benefit is more than just a financial perk — it’s a strategic wellness initiative that aligns corporate goals with employees’ personal success. 

For employers, it strengthens loyalty and improves productivity. For employees, it provides real financial relief and accelerates their path to mortgage freedom. For benefits advisors, it’s a turnkey solution that differentiates your advisory services in a competitive market.  

Connect with Marmots’ advisor support team to explore how the Mortgage Accelerator Benefit can enhance your client or organization’s total rewards strategy.