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Read MoreThe 11 Best Mortgage Brokers in Toronto [2022]
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The best mortgage brokers in Toronto can help you secure a great mortgage rate and save you thousands of dollars.
A good mortgage broker will do more than just find you the best mortgage rate. They’ll also help you figure out how much you can afford to borrow, whether you should get a fixed-rate or variable-rate mortgage, and which lender is right for you.
To help you find a mortgage broker that can get you the best rate and provide outstanding service, we’ve compiled a list of the best mortgage brokers in Toronto based on their accrediting body, years of experience, and Google reviews.
Whether you’re a first-time home buyer or a seasoned pro, these are the best mortgage brokers in Toronto.
If you need more financial help outside of a mortgage, check out our list of the best financial planners and the best personal tax accountant in Toronto.
Summary
What are the Costs Associated With Hiring A Mortgage Broker?
However, there are some services that will require you to pay additional fees, these are:
Private Mortgages: This is a fee that is paid to the private lender. It is for their risk and due diligence put into finding you the money, so this is essentially them protecting themselves in case you were to default on your payments.
Commercial Mortgages: This fee is to compensate the lender for their time and resources put into finding you a loan.
Mortgage Broker Fees: This fee is to compensate the broker for their time and resources put into finding you a home or car loan. It’s worth noting that mortgage brokers in Toronto do not charge an upfront fee, they are paid by commission based on what you end up borrowing.
The Best Mortgage Brokers in Toronto
1. CanWise Financial

CanWise Financial has been named the 2018, 2019, 2020 & 2021 Canadian Mortgage Brokerage of the Year and have over 6,700 5-star Google and Facebook reviews across Canada. They are the highest-rated and most reviewed mortgage company in Canada.
They know that getting the best mortgage rate can save you thousands of dollars over the life of your loan. That’s why they’re committed to delivering the most competitive rates to you. Their experienced team of mortgage brokers will work with you to find the best mortgage product for your needs and provide personalized advice to ensure that you get the best possible rate.
As both a mortgage brokerage and CMHC-approved mortgage lender, CanWise offers a wide range of mortgage solutions, including purchase, pre-approval, refinance, renewal, home equity LOC, investment properties and more. Plus, with a huge team of mortgage professionals on hand, you’re always guaranteed to get the best rates.
CanWise Financial’s Prime Rate is currently 4.70%. This makes CanWise a great choice for those looking for a low-interest rate. Additionally, CanWise offers features such as bridge financing, portability, and a standard charge.
With the addition of the ability to make lump sum payments and increase your regular payment, CanWise is also a great choice for anyone looking to save money on their mortgage.
Plus, you can use their online calculator to determine your monthly mortgage payment and corresponding amortization schedule, as well as estimate how much cash you’ll need for closing costs.
With all these amazing services and ratings, why would you go anywhere else for your mortgage needs? Visit CanWise Financial today! You won’t be disappointed!
Business Information:
Address: 20 Queen St W Suite 1100, Toronto, ON M5H 3R3
Phone: +1 844-808-3379
Website: canwise.com
Customer Review Highlights:
Pros
- One of Canada’s fastest-growing mortgage brokerage companies
- Banking and Underwriting expertise
- Approved lender from the CMHC
Cons
- Closed on weekends
2. True North Mortgage

True North has helped countless individuals obtain mortgages- even when they thought it wasn’t possible. True North is unique in the sense that they offer several different types of mortgages to individuals with a range of Credit Score histories.
For example, their “Bad Credit Mortgage” is designed for people who have difficulty obtaining a mortgage due to their past financial decisions. Often, these people are left feeling hopeless as most mortgage brokers will not work with them to help them find a way to improve their credit score.
However, at True North, the team is dedicated to helping you improve your credit so you can get the best mortgage rates possible. In addition, they offer other products such as investment properties and refinancing options which helps make them a one-stop shop for all of your mortgage needs!
If you’re feeling overwhelmed by the task of finding a mortgage that fits your needs, contact True North today- they’ll be more than happy to help!
Business Information:
Address: 145 King St W, Toronto, ON M5H 1J8
Phone: (416) 504-8355
Website: truenorthmortgage.ca
Customer Review Highlights:
Pros
- 15+ years of experience
- Access to some of the best rates
- Price match or $500 cashback
Cons
- Closed on weekends
3. Paul Meredith Team

As the author of the Amazon #1 bestseller ‘Beat The Bank – How To Win The Mortgage Game in Canada’, Paul knows a thing or two about getting the lowest possible rate on your home loan. And as the exclusive mortgage broker on seasons two and five of the hit real estate reality TV show Top Million Dollar Agent, Paul has proven time and again that he can get results for his clients.
Ranked as one of the top 75 mortgage brokers in Canada by CMP Magazine in every year since 2015, Paul is a true industry leader. And with over 25 years of experience in the business, he has the knowledge and expertise to get you the best possible deal on your mortgage.
Being one of the oldest brokerages in Canada, and as such, they can offer a wide range of mortgage solutions to suit your need including renewal and switch, H.E.L.O.C. mortgages, pre-approvals, cashback mortgage, investment properties, new to Canada financing, and purchase plus improvements, and vacation homes.
They also offer a suite of online resources and cost calculators to help make the decision-making process as easy as possible.
You can fill out an online application and receive a response back within 6 business hours. They will let you know how much you will qualify for and offer you some of the best mortgage rates available.
Experienced and trustworthy, The Paul Meredith team is committed to getting you the best possible outcome for your mortgage- whether that be purchase, refinance, or renewal.
Business Information:
Address: 110 Sheppard Ave E #640, Toronto, ON M2N 6Y8
Phone: (647) 368-5009
Website: easy123mortgage.ca
Customer Review Highlights:
Pros
- Extensive product line
- Customer-first approach
- Knowledgeable team
Cons
- Closed on weekends
4. 8Twelve Mortgage Corp.

8Twelve delivers broad access to an extensive list of mortgage products with the best rates the industry has to offer. Through the lender relationships they’ve built, the team they employ and the approach they take, 8Twelve is able to maximize your financial situation.
Be it a first-time home purchase, a mortgage renewal, a renovation plan or a debt consolidation, form a plan based on your financial goals. work with a broker who thinks differently works differently and stops at nothing to find you the ideal mortgage to suit your needs.
Their 8-step proprietary process is designed to streamline and simplify your mortgage experience. Get to know each other better which means learning more about you and your mortgage requirements.
By getting to know you better, 8Twelve will be able to provide you with a more tailored and efficient mortgage service. Let 8Twelve help you make one of lifes most important decisions. Contact them today!
Business Information:
Address: 45 Sheppard Ave E Unit 204 & 211, Toronto, ON M2N 5W9
Phone: +1 877-812-8128
Website: 8twelve.mortgage
Customer Review Highlights:
Pros
- Streamlined process
- Full support team
- Manage all aspects of the process on your behalf
Cons
- Sometimes hard to reach
5. Mortgage Outlet Inc.

At Mortgage Outlet Inc., they give you the rates you deserve by making banks and mortgage companies compete for your business. With independent and unbiased advice, they’re always looking out for what’s best for their clients.
They have a thorough understanding of the mortgage industry, as well as all of the products and features that are available to those in need of a mortgage.
They offer several mortgage products from renew and switch/transfer, pre-approvals, cashback mortgage, purchase plus improvements, and more. Their 5 Year-Fixed Term starts from as low as 4.79%.
Starting an application for your mortgage with them is quick and easy. So why wait? Contact Mortgage Outlet Inc. today!
Business Information:
Address: 250 Consumers Rd Suite 1015C, Toronto, ON M2J 4V6
Phone: +1 888-634-5348
Website: mortgageoutlet.ca
Customer Review Highlights:
Pros
- Competitive rates
- Offers several mortgage products
- Open 24/7
Cons
- Communication can be a bit better at times
6. Mortgages.ca

At Mortgages.ca, they work for you – not the bank. As a client, you benefit from working with a dedicated and unbiased mortgage professional who wants the best for YOU first and foremost. They’re a Toronto-based team of top-performing mortgage brokers, and they work with home buyers and major lenders to find you the perfectly matched mortgage products.
They arrange the very best rates, terms, and products on the market at all times for you. James and Steve Harrison are the brothers at the helm of the company, and they pride themselves on saving you time, money and stress.
Their services are fairly standard and can accommodate complex mortgage setups for every financial situation. With their cashback mortgage option, clients can get up to 5% of their mortgage principal back in cash.
Contact them today to see how they can help you save money on your mortgage!
Business Information:
Address: 145 Front St E #305, Toronto, ON M5A 1E1
Phone: (647) 795-8700
Website: mortgages.ca
Customer Review Highlights:
Pros
- Works with major lenders
- Competitive rates
- Personalized services
Cons
- Closed on weekends
7. MonsterMortgage.ca

MonsterMortgage.ca® is an award-winning Canadian mortgage brokerage firm in Toronto. They provide their clients with personalized service and a wide choice of residential mortgages designed to meet your needs.
MonsterMortgage.ca® has been educating the public with unbiased advice on the weekly CP24 TV show “Hot Property” since 2002, and their agents also appear regularly in various media including Globe & Mail National Post, Money Sense, and Canadian Real Estate Magazine as part of ongoing service offering that doesn’t stop helping clients once their mortgage closes – they’re here for you providing support + tips so you can reach financial goals!
They’ve made it their mission to provide you with the best mortgage rates and conditions, so that no matter what type of loan or purchase transaction is needed (refinance/renewal), they can get it done. Their partners love them because not only do they receive high customer satisfaction ratings from their clients but also through repeat business as well!
Their transparency and integrity in everything from their relationships to advice have made them a trusted name in the mortgage industry.
Business Information:
Address: 20 Holly St Suite 302, Toronto, ON M4S 3B1
Phone: (416) 480-0234
Website: monstermortgage.ca
Customer Review Highlights:
Pros
- Won multiple awards
- Appeared on multiple publications
- Open 24/7
Cons
- Communication can be better at times
8. Outline Financial

Outline Financial is an innovative company that has access to more than 50 lenders including banks, trust companies and credit unions. They deliver one of the best mortgage rates in the industry, whether it’s a pre-approval, refinancing, renewal/transfers, etc. But it’s not just about those numbers – they also have a team dedicated exclusively to helping you find what fits your needs most perfectly!
Let their team of experts help you reach your financial goals with a range of strategies tailored just for what works best for your situation. They’ll work hard to understand the details and layout all options on paper so there’s no guesswork involved when it comes time to make an informed decision.
The mortgage and insurance industry can be a tough one, but Outline professionals are there to help you make sense of it. With their friendly approach, they’ll guide you through every step in an open-minded way that leaves no question unanswered.
There’s more than just finding a good rate at Outline Financial. They’ll work with you to produce life-changing results, and that starts by listening closely to what they need in their future plans so we can create an investment strategy tailored specifically towards your needs.
Business Information:
Address: 465 King St E Suite 15, Toronto, ON M5A 1L6
Phone: (416) 536-9559
Website: outline.ca
Customer Review Highlights:
Pros
- Access to over 50 lenders
- Experienced team
- Personalized approach
Cons
- Hours not posted
9. Homewise

When it comes to mortgages, Homewise has the experience you need. With their team of experts in mortgage finance and technology alongside seasoned consumers, they are able to provide Canadians with a better way forward when applying for loans or planning how much they should borrow money against themselves.
The mortgage process is a chaotic and confusing nightmare for most people, which leaves them feeling like it doesn’t have their best interest at heart – Homewise here to change all that!
With the help of their expert team, Homewise offers an easy-to-use online mortgage process that saves users time and money. Furthermore, they do all negotiations for you — saving your precious resources! With no hidden costs or hassles involved in this service (it’s completely free), there is nothing standing between a homeowner with needs and their perfect loan solution.
Their team is dedicated to helping people across Canada move into their homes easily, confidently and with extra money in their pocket. They will work day-in/day-out so you can have a smooth process from start to finish!
Business Information:
Address: 609 Marlee Ave, North York, ON M6B 3J6
Phone: +1 866-846-9473
Website: thinkhomewise.com
Customer Review Highlights:
Pros
- Easy to use online mortgage process
- No hidden costs
- Open every day of the week
Cons
- Can be more responsive
10. Cannect Home Financing Mortgage Broker

With offices in Toronto and the GTA, Cannect has been providing 5-star rated home financing solutions to Canadians for over five years. Cannect is a team of professionals with expertise in the field of home financing. They know that Canadians have been going through tough times and they want to help put an end to all your financial worries!
They help build equity both as investors who are looking into buying their first house or just need extra cash when things get tight – all while giving you that peace of mind knowing they’re here protect your best interests!
With Cannect, you’ll never have to worry about missing out on the best mortgage rates in Toronto and across Canada. They shop around for what’s right for you because they know how important it is that everything goes smoothly during this process!
They’re happy to work with you so that your dream of owning a home can come true. They’ll also give sound, unbiased advice about saving for the future and building equity – it’s all part of their commitment towards helping make this process as easy on both sides today!
Business Information:
Address: 81 Navy Wharf Ct, Toronto, ON M5V 3S3
Phone: (416) 766-2666
Website: cannect.ca
Customer Review Highlights:
Pros
- Help you build equity
- Experienced team
- Work with you through the entire process
Cons
- Interest rates can be bit higher
11. Tridac Mortgage

Tridac Mortgage is committed to helping you make the right decisions for your mortgage. Founded in 1977, our team has decades of experience advising Canadian homeowners about how mortgages are changing over time – no matter what stage they’re at!
They offer a number of services including private mortgages, self-employed mortgages, and more. Whether it’s your first home or fifth, they have the expertise you need to make this process as easy and stress-free as possible!
You can be sure that their team has the experience you need. They have guided countless clients through their mortgage financing options with over 80 years of combined experience, which means they know what works best for your situation!
That’s why not only do they work with lenders across Canada but also banks here in Ontario as well if needed – all connected by deep relationships and respect built on trust over time.
They don’t see a mortgage as something you do for just one house. It’s more like an extended endeavour with many steps, and they want to be your guide through all of them! They are known for their excellent customer service and high-quality work. Their existing clients come back time after time, which is why many of them trust them with their children’s mortgages as well!
Business Information:
Address: 276 Danforth Ave, Toronto, ON M4K 1N6
Phone: (416) 461-0204
Website: tridacmortgages.com
Customer Review Highlights:
Pros
- 80 years of combined experience
- Wide of range services offered
- Works with lenders across Canada
Cons
- Closed on weekends
Tips to Getting The Best Mortgage Rates
1. Know Your Credit Score
2. Shop Around for Your Mortgage
3. Don't Forget About Other Costs
4. Fees Add Up!
5. Read the Fine Print
FAQs About Mortgage Brokers
Conclusion
Whether this is your first time buying a home, upgrading to your dream home after renting for years, or taking out an investment loan to purchase additional properties – they can help you navigate the best route with confidence.
They offer excellent customer service and are extremely knowledgeable about today’s market. They’ll be able to provide sound advice on all of your options – whether you’re looking for a conventional or high-ratio mortgage, or require extra loans like renovation financing.
So if you’re looking for a broker to guide you through the process, they can help. Contact them for your free consultation and get started today!
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