The 11 Best Mortgage Brokers in Toronto [2022]

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.


What are the Costs Associated With Hiring A Mortgage Broker?

When you get a mortgage through a bank, whether it be for your home or car, you will incur costs. For example, if you were to obtain a car loan from TD Canada Trust and they agreed to give you $20,000, then upon signing an agreement the bank would require the first month’s payment of interest and also require that you purchase an extended warranty.
These are costs that you incur when you get a loan from a bank, whereas a mortgage broker in Toronto, they do not require any upfront fees or anything of this nature. You will be quoted what the total cost is before you sign off on any agreement and once you’ve signed an agreement then that’s it!

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

Here are the 11 best mortgage brokers in Toronto. We’ve called upon our expertise, along with input from external sources to compile this list. The final list was put together based on customer satisfaction and online reviews.

1. CanWise Financial

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

Customer Review Highlights:

"As first time home-buyers trying to buy a home during the pandemic, it was difficult getting used to the process and making sure we were getting the best rates. Danielle Best was our mortgage broker and she was very helpful in answering all of our questions and making sure everything was set up and on time for our closing date! She was fantastic throughout the whole process and very knowledgeable. She helped select a great rate with a good bank. Would 100% recommend her and Canwise."
"I had a great experience working with Damion Waite at CanWise! He helped me refinance my mortgage at the lowest interest rate I’ve ever had in 17 years of property ownership. I usually find the process of refinancing painful but it wasn’t bad at all. He was even able to cover some of the costs associated with breaking my term early. I am extremely satisfied with the service I received. Damion was professional, friendly and patient as he clarified my the process. I also appreciated how quickly he responded to my emails. I definitely would like to work with him again when I need to refinance in the future. "



2. True North Mortgage

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

Customer Review Highlights:

"My experience in dealing with True North Mortgage especially Pawandeep has been very positive with a flair of both professional and personal touch. They gave me a true feeling that as a broker they are representing my best interests and ensured tailored made solution that fulfilled my requirements and expectations. I strongly recommend for anyone looking for a mortgage to give them a try, I am very sure you will not be disappointed. Thanks Pawandeep for wonderful service :)"
"I had an amazing experience with True North Mortgage; Shawn took great care of all our needs throughout the process. He was very communicative, patient, and informative considering this was our first home purchase (we got a unbeatable rate on our mortgage). I would highly recommend True North Mortgage to anyone looking to buy a home (especially if you are looking to have the application process done remotely). Kudos to Shawn at TNM!!!!"



3. Paul Meredith Team

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

Customer Review Highlights:

"Paul Meredith and his team are by far the best mortgage broker company I have ever had. Paul and his team go above and beyond for their clients and work ahead to meet time sensitive deadlines. My experience was by far the best given the situation and only having 3 months for buying and selling they really made me feel comfortable and at ease through the whole transition process and got me the best rates. I would recommend Paul Meredith Team to everyone. Service was always professional, prompt on responses and treated fairly with integrity. Great job team. 👏"
"We were looking to renew our mortgage and reached out to Paul to see what kind of rate he can find for us. On the call we soon realized that given our specific case our other offers were same or better than what Paul could offer. And he was honest about it and did not try to push. What's more, we then spent close to 30 minutes on the phone, he explained all the nitty gritty details about types of mortgages, collateral vs standard, prepayment options, discharging, legal fees and everything related to that. It was so nice of him! He simply went above and beyond!"



4. 8Twelve Mortgage Corp.

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

Customer Review Highlights:

"Marc and his team have gone over and beyond in assisting with getting our mortgage approved. They are very professional, very organized, pays attention to details, attentive and very efficient. Marc came well recommended to me, now I would gladly recommend him and his team to you! Thank you Marc and team members for doing an awesome job."
"8Twelve Mortgage gave me a preferred customer client experience. They communicated almost instantly throughout. Steps were easy, clear and supported. I had cellphone access to my representative for any questions and they suited me up with a mortgage lawyer who was excellent, thorough and effective. I received incredible monetary value from using 8Twelve. I highly recommend them!"



5. Mortgage Outlet Inc.

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

Customer Review Highlights:

"Elan and his Mortgage Outlet team are really shaking up the industry with the fastest, easiest, most-useful mortgage brokerage. The rate they provided was better than my bank's rate, but also, the speed was incredible. I had been working with my own bank, who kept delaying with request after request after request. The whole process with my bank was taking weeks. Mortgage Outlet swooped in, got a faster response from my bank, and then beat that offer with a rival bank. The whole process took about a week. Awesome."
"My fiance and I were referred to Mortgage Outlet, specifically Sarah Williams. We were fortunate as first time buyers to be working with such a dedicated, professional and genuine organization such as Mortgage Outlet. Sarah ensured she did all she could to get us the best rate and was always responsive whenever we had questions or needed some clarification. Shahzareh also assisted greatly in guiding us through the final closing process. Such a dedicated team! We were fortunate to have been in such great care for our new home!"




At, 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

Customer Review Highlights:

"I can't say more about James Harrison and the team. I've been working with James since entering into the housing market in 2009, and just completed our 3 transaction with him. He provides you with all options, offering his opinion and finding one that works for your unique circumstance. He's very responsive and generally a great person to know."
"I am amazed at the speed with which James secured a bridging loan at an unbelievable 2.7% interest rate. James is to the point; extremely knowledgeable about all aspects of financing and readily available to discuss any issues. With Mayra working behind the scenes to ensure that all the details are tended to in a timely fashion. We have particularly appreciated her regular updates on activities. Together an amazing “can do” team who are deserving of their Google description as the best mortgage brokerage in Toronto."



7.® 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.® 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

Customer Review Highlights:

"Sean Currie, our broker was always available and professional. He was extremely helpful, explaining the process to my husband and I. Sean took the extra time with us as first-time buyers, he was patient and kind making us feel like family. He got us a good rate too! Sean was also able to connect us with a great realtor, we could not recommend Monster Mortgage more!"
"I've used Karen and Nick multiple times now and their knowledge of the industry was an extremely useful resource when I was looking to buy a home and renew a mortgage. Each time they provided multiple options based on my financial situation. They are professional, courteous and always quick to respond to questions and concerns. I highly recommend to anyone looking for mortgage financing services."



8. Outline Financial

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

Customer Review Highlights:

"As a first-time home buyer, I was nervous about each step of the process. Friends recommended Kailey at Outline Financial and I'm so glad I followed their advice. Kailey and underwriter Alison were both extremely friendly, professional and kept me informed every step of the way. They helped make it a super smooth process. I would not hesitate recommending Kailey & Alison for your mortgage needs! "
"As a first time homebuyer, the process of applying for a mortgage seemed stressful and daunting. My real estate agent recommended Jason and I felt like he took the time to get to know me and walk me through the process step by step. He always explained everything thoroughly and provided me with all the information I needed to make informed decisions. Everything was completed in a timely manner and I was always told about what to expect as a next step in the process. I would not hesitate to recommend Jason & his team and I will definitely reach out to them again in the future if I require their services. "



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

Customer Review Highlights:

"This is the second mortgage I've processed through Homewise, and I couldn't recommend the service more highly. They are easy, quick, efficient, so friendly and always available. Our advisor Vince was incredible and took the time to patiently explain everything to us in great detail. They even went the extra mile... after closing my rate with the lender, they went back again and lowered the interest rate even further! Using Homewise to get the best mortgage easily is a no brainer, and will beat the traditional banking system every time."
"I had my mortgage coming up for renewal. I felt like my existing bank didn’t offer me a good rate so I decided to call around different brokerages. I ended up going through Vince at Homewise because not only the rate they offered was lower but their customer service was on point. Will definitely be using them again when I buy my next property."



10. Cannect Home Financing Mortgage Broker

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

Customer Review Highlights:

"After being refused by my bank I had lost hope that I was going to get a mortgage in time to make an offer on my house. I called Cannect first thing in the morning and Anastasia helped me get a mortgage approval in time to make an offer that same day! Anastasia was so attentive, she constantly kept me up-to-date as things progressed. I felt so taken care of by Anastasia, I would highly recommend her services!"
"We are so happy we found Justin at Cannect. This was our first home buying experience so we had lots of questions, coupled with nerves and excitement. We had previously visited with our bank to discuss mortgage options but the person at the bank was clearly not very knowledgeable, especially in comparison to Justin. Even though we were offered good rate at our bank, Justin found a lender who beat it by far and Justin was very informative, supportive and just plain wonderful to work with. He made the experience as stress-free as possible by providing frequent updates and ensuring we exceeded all of our very quick deadlines. We can't recommend him and Cannect enough"



11. Tridac Mortgage

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

Customer Review Highlights:

"I was referred to Tridac and working with Chris and Sandra on a mortgage refinance was a pleasure. Great communication and high level of competence. We built great rapport and I quickly trusted Chris and the team with one of our largest financial decisions/assets. I wouldn't hesitate to recommend Chris and the team to my friends and family. They have done a great job integrating technology into their process to ensure a seamless experience! Thanks again!"
"Chris from Tridac Mortgage was very knowledgeable and explained terms and processes in an easy-to-understand way which was especially important since it was my first mortgage. I appreciated his responsiveness and willingness to answer all my questions. They were able to get me preapproved way sooner than other banks and made me feel like I was a valued customer. Would recommend his services to others looking to get a mortgage. The whole process was smooth, and I closed my property on time!"



Tips to Getting The Best Mortgage Rates

in Toronto and Across Canada
With all the tips and tricks out there, it can be hard to know who or what you can actually trust. You want to make sure that you’re getting the best rates available because let’s face it; your mortgage is something you can’t go without! So here are some helpful tips on how to get started:

1. Know Your Credit Score

No matter if you work with a broker or mortgage lender, they will always run your credit score to see what kind of risk you are at. If you have excellent credit, this is something that should make it easier for them to provide the best service to you. This means that no matter how good someone may sound on the phone if their company is going to run a check on you and see a low score, they probably won’t be willing to work with you.

2. Shop Around for Your Mortgage

It’s easy just to call up your bank because that’s what everyone does but it doesn’t mean that they have the best rates or that they will give you the best service. You can choose to work with a broker instead, but it also doesn’t mean that they are any better – in fact, many of them charge extra fees which may not be worth your while when you could just call up your bank directly!
Choosing someone who has been in business for a long time or takes pride in their work is always a good idea. There are also times when you can negotiate for lower rates because it never hurts to ask!

3. Don't Forget About Other Costs

When looking at mortgage rates, it can be easy to just compare the monthly payment but there are other costs that come with getting a mortgage as well such as land transfer tax, legal fees, and other miscellaneous fees that you may need to pay.

4. Fees Add Up!

There are a lot of hidden costs that can come with getting a mortgage. To avoid this, it’s important to shop around and compare the rates from different companies because one may end up being much lower than another – but they may have fewer fees or lower rates to compensate.

5. Read the Fine Print

It’s important that you read through all of the paperwork before signing it so that nothing is missed! You want to make sure that everything is correct and if something doesn’t look right, ask for clarification because this could save you a lot of headaches down the road.
These tips should help you to choose the right mortgage company and keep your expenses low!
When it comes to making such an important decision about your mortgage, it’s good that you have options. You need to know all of your choices and how they might affect your ability to get home so knowing the basics is always the first step.

FAQs About Mortgage Brokers

Mortgage brokers can help you in many ways when it comes to your mortgage. They take all of your information and shop around for the best rates, based on your needs. This means that even if you already have a mortgage, you could still benefit from their services! Because they work with many banks across Canada, they can find an option that is right for you.
Brokers are paid by the lenders, so they do not charge you any fees or commissions directly. You only have to pay the lender’s fee if you go through them! They don’t get paid until they find your loan and close it successfully, so this means you don’t have to pay anything or fill out any paperwork until this time.
Even if you have had financial troubles in the past, this doesn’t necessarily mean you are not able to get a mortgage. They use different types of mortgages to meet the needs of almost every client, so you can easily find one that fits your situation! All it takes is a conversation with your broker and they will walk you through your options so you can determine which route is best for you.
Mortgage brokers offer more than just traditional mortgages! They work with lenders to help you find the right kind of mortgage – such as an open or closed mortgage, high-ratio or low-ratio, and more. All it takes is a conversation with your broker and they will walk you through all of your options so that you determine which one is best for you!


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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