The 7 Best Mortgage Brokers in Toronto

Finding the perfect home is only half the battle; securing the right mortgage is just as crucial. Whether you’re a first-time homebuyer, looking to refinance, or considering an investment property, choosing the best mortgage broker in Toronto can make all the difference. With their expertise and access to multiple lenders, these professionals simplify the process by tailoring solutions to your needs and ensuring you get the most competitive rates. In this guide, we’ll explore the 7 best mortgage brokers in Toronto, who can help you navigate the complexities of home financing and make your property dreams a reality. But before diving into the list, here are some services you can expect from Toronto’s mortgage brokers, key considerations, and typical price ranges:

  • Assistance with mortgage pre-approval to determine how much you can afford.
  • Comparison of multiple lenders and rates to find the best match for your financial goals.
  • Guidance on choosing between fixed-rate or variable-rate mortgages.
  • Help with refinancing options to lower interest rates or access home equity.
  • Advice for first-time homebuyers, including government incentives and grants.
  • Support with investment property financing and understanding rental income potential.
  • Customized solutions for those with bad credit or non-standard income sources.
  • Transparent communication about associated fees, which can range from $0–$2,000 depending on the broker and loan type.
7

Number of companies

4043

Verified reviews

4,93

Average rating

Lowestrates.ca
Contact

1. Lowestrates.ca

★ ★ ★ ★ ★ 4,6/5
1910 Yonge St Suite 401, M4S 3B2, Toronto
  • Mortgage broker
  • Auto insurance agency
  • Car finance and loan company
  • Corporate office
  • Home insurance agency
  • Insurance company
  • Loan agency
  • Information services

Why we chose them

LowestRates.ca is a leading online platform dedicated to helping Canadians save money by simplifying the process of comparing financial products. With a focus on improving financial literacy, they provide a free and secure service that connects users to top financial institutions and insurance providers across North America. Offering a comprehensive range of services, including auto insurance, home insurance, mortgages, loans, and credit cards, the platform empowers users to find the best rates with just a few clicks. Their streamlined process, which takes less than three minutes, makes it easy for customers to compare rates and save significantly on essential financial products.

What sets this company apart is its commitment to transparency, efficiency, and unbiased comparisons. By partnering with over 50 providers, they ensure that users have access to the most competitive rates in the market. Whether it’s helping Toronto homeowners save up to $600 annually on home insurance or enabling first-time homebuyers to cut thousands off their mortgage costs, their service delivers substantial savings. Their user-friendly interface and extensive resources make them a go-to solution for money-savvy Canadians looking to reduce expenses on everything from insurance premiums to loan rates.

View more
Paul Meredith Team
Contact

2. Paul Meredith Team

★ ★ ★ ★ ★ 5,0/5
110 Sheppard Ave E #640, M2N 6Y8, Toronto
  • Mortgage broker

Why we chose them

Paul Meredith Team – PMT Mortgage Corp. has been a trusted name in the mortgage industry since 2007, offering clients a superior mortgage experience compared to traditional options. Known for their professionalism and in-depth knowledge, the team is led by Paul Meredith, who is recognized as one of Canada’s leading mortgage authorities. With accolades like being ranked among the top 75 mortgage brokers in Canada since 2016 and serving as a finalist for Mortgage Broker of the Year from 2019 to 2021, their reputation is well-earned. Paul is also the author of the Amazon #1 best-selling book, “Beat The Bank – How to Win The Mortgage Game in Canada,” and has appeared as the exclusive mortgage broker on seasons 2, 5-7 of the popular real estate TV series “Top Million Dollar Agent.” These accomplishments highlight their expertise and commitment to delivering exceptional service.

Specializing in a wide range of services, including home purchase mortgages, refinancing, renewals, debt consolidation, and private mortgages, the team focuses on securing the best rates for their clients. They pride themselves on simplifying the mortgage process, ensuring quick approvals, and empowering clients with the knowledge to make informed decisions. Unlike traditional lenders, they collaborate with multiple mortgage providers to find competitive rates, prioritizing their clients’ financial well-being. With a mission to provide a better mortgage experience, they have built a reputation for reliability, transparency, and personalized service, making them a standout choice for anyone seeking mortgage solutions in Canada.

View more
Mortgage Outlet
Contact

3. Mortgage Outlet

★ ★ ★ ★ ★ 4,9/5
85 Scarsdale Rd #107, M3B 2R2, Toronto
  • Mortgage broker

Why we chose them

Mortgage Outlet Inc. is a leading independent mortgage brokerage in Canada, known for its client-focused approach and extensive range of financing options. By partnering with renowned institutions such as big banks, credit unions, insurance companies, and alternative lenders, the company offers tailored mortgage solutions that meet the diverse needs of its clients. Whether it’s securing a private mortgage, refinancing, or navigating the complexities of commercial mortgages, their team of skilled professionals ensures a seamless and transparent process. Recognized for its exceptional service, the company has been nominated for multiple industry awards, including “Best Client Service” and “Mortgage Brokerage of the Year.”

What sets this brokerage apart is its dedication to providing a personalized experience for each client. Backed by a dynamic team of experienced mortgage professionals, they go above and beyond to guide clients through every step of the process. Their expertise and commitment have earned them glowing reviews and a reputation for delivering outstanding results. With access to competitive rates and a wide array of mortgage options, they continue to make home ownership and financial success a reality for countless Canadians. Their unwavering focus on client satisfaction and industry excellence makes them a standout choice in the mortgage industry.

View more
Mortgages.ca
Contact

4. Mortgages.ca

★ ★ ★ ★ ★ 5,0/5
145 Front St E #305, M5A 1E1, Toronto
  • Mortgage broker

Why we chose them

Mortgages.ca is a Toronto-based team of highly accomplished mortgage brokers dedicated to delivering exceptional service and value. Specializing in mortgage solutions for purchases, refinancing, and renovations, they are committed to saving their clients time, money, and stress. With access to the best rates, terms, and products in the market, the company ensures tailored financial solutions designed to meet the diverse needs of every client.

Renowned for their expertise and personalized approach, the team at Mortgages.ca simplifies the often complex mortgage process, providing clarity and confidence to their clients. Their focus on securing optimal deals demonstrates their dedication to client satisfaction and financial well-being, making them a standout choice in the mortgage broker industry.

View more
Mortgages with Jane
Contact

5. Mortgages with Jane

★ ★ ★ ★ ★ 5,0/5
181 Carlaw Ave Suite 209, M4M 2S1, Toronto
  • Mortgage broker

Why we chose them

Specializing in both residential and commercial mortgages, this company stands out for its commitment to exceptional customer service and personalized solutions. With a focus on providing tailored mortgage products, low rates, and alternatives for clients who face challenges with traditional banks, the company excels in areas like first-time home purchases, refinancing, subprime lending, and supporting newcomers to Canada. Their dedication to exceeding client expectations ensures a seamless and stress-free mortgage experience.

Led by a knowledgeable and client-focused mortgage agent, this company has built its reputation on trust and results. By treating each client as a priority, they consistently deliver customized financial solutions that align with individual needs. Whether assisting with complex mortgage situations or simplifying the process for first-time buyers, their expertise in finding the best mortgage products makes them a reliable choice in the industry.

View more
Kalson Jang Mortgage Agent
Contact

6. Kalson Jang Mortgage Agent

★ ★ ★ ★ ★ 5,0/5
1655 Dupont St Unit 101, M6P 3T1, Toronto
  • Mortgage broker

Why we chose them

Kalson Jang Mortgage Agent specializes in simplifying the mortgage process for clients across the Greater Toronto Area. With access to over 30 lenders, he helps individuals secure the best mortgage rates tailored to their needs, whether they’re first-time homebuyers, renewing their mortgage, or tapping into home equity. His services are completely free to clients, as he is compensated directly by the lenders, ensuring a truly customer-centric experience. From reviewing credit to providing maximum budget estimates, he offers expert guidance every step of the way, making homeownership dreams a reality.

What sets this service apart is the personalized approach and commitment to clients, regardless of their financial situation. Whether you’re rebuilding credit or have exceptional credit standing, Kalson Jang ensures a smooth approval process and competitive rates. His expertise and dedication remove the stress often associated with securing a mortgage, allowing clients to focus on finding their perfect home. By connecting clients with the best options in the market, he creates a win-win scenario for everyone involved, saving clients thousands of dollars in the process.

View more
Ry The Mortgage Guy
Contact

7. Ry The Mortgage Guy

★ ★ ★ ★ ★ 5,0/5
3352 Dundas St W, M6P 2A4, Toronto
  • Mortgage broker

Why we chose them

Ry The Mortgage Guy specializes in providing tailored mortgage solutions for clients looking to purchase, renew, or refinance their homes. Led by Ryan Dennahower, a Mortgage Broker and VP of Bespoke Mortgage Group, the company offers a wide array of services, including mortgage pre-approvals, first-time buyer assistance, self-employed mortgages, and options for those with poor credit. Whether clients are interested in investment properties, debt consolidation, or even financing for vacation homes and home construction projects, the company ensures a seamless and transparent process. With a commitment to trust, speed, and personalized solutions, their approach prioritizes the unique needs of every client to help them achieve their homeownership dreams.

What sets this mortgage broker apart is their dedication to providing more than just competitive lending rates. They emphasize building trust and delivering hassle-free experiences, as reflected in numerous glowing client testimonials. With a focus on transparency and eliminating hidden fees, they guide clients through every step of the process, offering expertise in mortgages for newcomers to Canada, home equity lines of credit, private mortgages, and more. Their user-friendly tools, such as mortgage calculators and educational resources, empower clients to make informed decisions, ensuring they are matched with the best possible mortgage solution for their circumstances.

View more

Frequently asked questions

What services do mortgage brokers in Toronto typically offer?

Mortgage brokers in Toronto provide a variety of services including mortgage pre-approval, comparing multiple lenders and interest rates, guidance on fixed-rate vs. variable-rate mortgages, refinancing advice, support for first-time homebuyers, and customized solutions for clients with bad credit or non-standard income.

What is the average cost of hiring a mortgage broker in Toronto?

The cost of hiring a mortgage broker in Toronto typically ranges from €0 to €1,500, depending on the complexity of the loan and whether the broker charges a fee or is compensated by the lender. Many brokers offer their services for free to borrowers, as they are paid a commission by the lender.

How long does it take to get approved for a mortgage with a broker?

The timeline for mortgage approval through a broker can vary but generally takes between 1 to 3 weeks. Pre-approvals are often faster, typically within 1 to 5 business days, depending on how quickly you provide the required documentation.

How can I choose the best mortgage broker in Toronto for my needs?

To choose the best mortgage broker, look for professionals with strong reviews, a wide network of lenders, transparent communication, and experience in handling cases similar to yours (e.g., first-time buyers or refinancing). It's also important to compare fee structures and ask about their availability for questions throughout the process.

What documents do I need to work with a mortgage broker in Toronto?

You'll typically need proof of income (e.g., pay stubs, tax returns), bank statements, a list of assets and liabilities, employment verification, and government-issued ID. Self-employed individuals may need additional documentation such as business financials or contracts.

Can a mortgage broker help if I have bad credit?

Yes, mortgage brokers often specialize in finding solutions for clients with bad credit. They have access to alternative lenders and can help you secure a mortgage with flexible terms, though interest rates may be higher compared to traditional loans.

What are the key considerations when working with a mortgage broker in Toronto?

Key considerations include understanding the broker's fee structure, their lender network, their experience with similar financial situations, and the transparency of their communication. It's also important to ensure they are licensed and in good standing with regulatory bodies.

Can mortgage brokers help with investment property financing in Toronto?

Yes, mortgage brokers can assist with financing for investment properties. They can advise on leveraging rental income to qualify, compare lenders that specialize in investment loans, and help you understand the risks and benefits of different mortgage options for rental properties.

Related services

Publish a company