A mortgage can shape household finances long after moving day. For borrowers purchasing, renewing, or refinancing in Toronto, Canada, a mortgage broker can help compare lender options alongside the costs, conditions, and flexibility that matter over the life of the loan.
This list compares ten mortgage brokerages through their services, Toronto offices, business backgrounds, consultation options, and fees. In Ontario, a brokerage is the licensed business; brokers and agents are the licensed individuals working through it. The lender provides the loan.
How This List Was Compiled
Selection considered Toronto office presence, Ontario brokerage licensing, and the mortgage services available. Licensing information was checked through the Financial Services Regulatory Authority of Ontario’s register, with service and contact details checked against company websites.
Entries are alphabetical; numbering does not indicate a ranking. Related lenders and known network affiliations are noted within the profiles. Separate brokerage licences do not necessarily mean unrelated ownership or networks. Arrange office visits directly with the business before travelling.
Toronto Mortgage Brokers at a Glance
| Brokerage | Toronto Office | Mortgage Services |
|---|---|---|
| Butler Mortgage | Eglinton Avenue West, Etobicoke | Purchases, renewals, refinancing, and self-employed applications |
| Dominion Lending Centres Estate Mortgages | Kingston Road | Purchases, renewals, and self-employed mortgages |
| MonsterMortgage.ca | Yonge Street | Renovation, construction, and residential financing |
| Mortgage Scout | Bloor Street West | Purchases, lender switches, and refinancing |
| Outline Financial | King Street East; Carlaw Avenue | Self-employed mortgages, refinancing, and construction |
| Premiere Mortgage Centre | Dupont Street | Purchases, newcomer mortgages, and self-employed applications |
| Ratehub.ca | University Avenue headquarters | Purchases, renewals, and refinancing |
| SafeBridge Financial Group | Scarsdale Road, North York | Residential, investment-property, and commercial mortgages |
| TMG The Mortgage Group | Harbord Street | Residential, investment-property, and commercial mortgages |
| True North Mortgage | King Street West, PATH | Purchases, renewals, and complex mortgages |
10 Mortgage Brokers in Toronto to Consider
1. Butler Mortgage
Butler Mortgage emphasises lender comparison and explaining mortgage terms in plain language. From its Etobicoke office, it combines telephone service and online enquiries with a residential offering covering first purchases, renewals, refinancing, investment properties, and self-employed applications.
Its approach considers rates alongside product features as a file moves from initial enquiry through documentation and closing. Renovation and purchase-plus-improvement options also form part of its services.
- Established: 1995
- Address: 5397 Eglinton Ave W, Suite 108, Toronto, ON M9C 5K6.
- Services: Purchases and pre-approvals, renewals, refinancing, self-employed mortgages, investment properties, and purchase-plus-improvement financing.
- Consultations: Telephone service and online enquiries, with a Toronto office.
- Fees and affiliations: Advertises a free initial consultation. Obtain written application-specific brokerage, lender, and third-party charges.
- Licensed business: Butler Mortgage Inc., Ontario brokerage licence 12118.
Ask about: Total costs and penalties if you sell or refinance before the mortgage term ends.
2. Dominion Lending Centres Estate Mortgages
Dominion Lending Centres Estate Mortgages operates through a local Kingston Road office within the wider DLC network. Its services cover the practical stages of residential borrowing, from pre-approval and a first purchase to renewal, refinancing, and using home equity.
The brokerage also addresses self-employed income and provides mortgage calculators and explanatory material to help borrowers prepare for a consultation. Its local directory identifies the brokers and agents attached to the office, giving readers a specific contact route within the national network.
- Address: 1052 Kingston Rd, Toronto, ON M4E 1T4
- Services: Home purchases, renewals, refinancing, and self-employed mortgages.
- Consultations: Telephone, email, and online enquiries; confirm office meeting arrangements directly.
- Fees and affiliations: States that services are generally free to the borrower, with fees for some challenging credit cases. It operates within the Dominion Lending Centres network. Confirm costs for your application.
- Licensed business: Dominion Lending Centres Estate Mortgages Inc., Ontario brokerage licence 11363.
Ask about: The income records required for your application and the restrictions attached to the proposed mortgage.
3. MonsterMortgage.ca
MonsterMortgage.ca centres its approach on explaining borrowing choices and considering a client’s financial circumstances and longer-term goals. Alongside first purchases and existing-home borrowing, it has a dedicated renovation and construction offering covering additions, new builds, and laneway homes.
The company describes a process in which one agent guides an application through document collection, review, and the presentation of options. Mortgage education also forms part of the brand, through information for homeowners and property investors. For a renovation or construction project, that consultation can address the funding schedule, inspections, contingency allowance, and repayment arrangements as well as the initial mortgage terms.
- Established: 1997, based on its company history.
- Address: 2300 Yonge St, Suite 3002, Toronto, ON M4P 1E4
- Services: First-time purchases, debt consolidation, renovation and construction financing, and reverse mortgages.
- Consultations: Telephone enquiries, online appointment booking, and a digital application process with a dedicated-agent workflow.
- Fees and affiliations: Request an itemised written estimate of brokerage, lender, and third-party costs. MonsterMortgage.ca identifies Monster Capital as its lending arm.
- Licensed business: Monstermortgage.ca Inc., Ontario brokerage licence 10516.
Ask about: Construction advances, inspections, contingency funds, and the consequences of a delayed completion.
4. Mortgage Scout
Mortgage Scout organises its service around a borrower’s current housing needs and longer-term plans. Its team describes backgrounds spanning banking, underwriting, accounting, real estate, and financial planning, bringing several perspectives to conversations about financing.
The Bloor Street West office and remote enquiry options support a consultation process covering first purchases, moves, renewals, refinancing, and investment properties. The company also addresses self-employment, contract work, and changing family needs. Its approach considers how mortgage features fit different life stages.
- Established: 2015
- Address: 1796 Bloor St W, Toronto, ON M6P 3K5
- Services: Purchases and pre-approvals, renewals and switches, refinancing, investment properties, new construction, and self-employed or newcomer applications.
- Consultations: Book-a-call consultations and online applications, with a Toronto office.
- Fees and affiliations: Says lenders pay the broker on most prime mortgages, with exceptions disclosed up front. Mortgage Scout operates within the Dominion Lending Centres network.
- Licensed business: Mortgage Scout Inc., Ontario brokerage licence 13060.
Ask about: Flexibility if you become self-employed, move home, or need additional borrowing during the term.
5. Outline Financial
Outline Financial grew out of The Lang Team, formed by Jason and Joanna Lang. The business describes a collaborative approach to mortgage and insurance advice, drawing on banking, underwriting, and financial-planning experience.
Its mortgage material considers a client’s short- and longer-term plans, including how cash flow and business income affect borrowing. Sole proprietors can discuss income records and coordination with their accountant, while other services cover purchases, renewals, refinancing, and construction. Outline also describes continuity through an account manager and supporting team. That provides a useful basis for asking who will handle the file, explain conditions, and remain involved as the application progresses towards closing.
- Established: 2012 as The Lang Team, which later became Outline Financial.
- Addresses: 465 King St E, Suite 15, Toronto, ON M5A 1L6 & 326 Carlaw Ave, Suite 103, Toronto, ON M4M 2R6
- Services: Home purchases, renewals, lender transfers, refinancing, equity take-out, construction and renovation financing, investment properties, and new-build condos.
- Consultations: Telephone, email, book-a-call enquiries, and online applications. Confirm which office applies to a meeting.
- Fees and affiliations: Request written brokerage, lender, and transaction charges. Confirm the licence and role of anyone providing separate insurance advice.
- Licensed business: Outline Financial Corp., Ontario brokerage licence 13151.
Ask about: How lenders assess your business income and which records your accountant should provide.
6. Premiere Mortgage Centre
Premiere Mortgage Centre brings mortgage and insurance advice into a process built around a client’s circumstances and longer-term financial plans. Its stated approach is to examine the household’s needs and compare products from multiple providers before recommending an option.
The company serves Ontario and several Atlantic provinces, with a regional office in Toronto and its corporate head office in Halifax. Services include purchases, renewals, refinancing, investment properties, and applications involving self-employed income, newcomer status, or credit issues. Because its wider business includes mortgage and insurance professionals, borrowers should establish which services are included in their engagement and who is responsible for each part of the advice.
- Established: 2006
- Address: 1655 Dupont St, Suite 101, Toronto, ON M6P 3T1
- Services: Purchases and pre-approvals, renewals and switches, refinancing, investment properties, and newcomer or self-employed applications.
- Consultations: Telephone, email, and online enquiries; arrange meeting details with the professional handling your file.
- Fees and affiliations: Its pre-approval page describes that service as lender-paid and free to the borrower. Confirm the costs of the proposed mortgage. Premiere operates within The Mortgage Centre network.
- Licensed business: 3128051 Nova Scotia Limited, operating as Premiere Mortgage Centre, Ontario brokerage licence 10317.
Ask about: How your income and credit history affect lender options, documentation, and conditions.
7. Ratehub.ca
Ratehub.ca connects online financial comparisons, calculators, and educational material with an operating mortgage brokerage. Borrowers can research indicative options digitally before discussing the income, property, and transaction behind an application with a mortgage professional.
Its mortgage services cover purchases, renewals, refinancing, self-employed borrowers, and investment properties. The brokerage previously used the CanWise Financial name before adopting Ratehub.ca in 2022; CanWise now identifies its connected lender. Ratehub also explains that its comparisons do not contain every available offer. Lender coverage, product restrictions, and the reasons for recommending one mortgage are therefore useful subjects for a consultation alongside the quoted interest rate.
- Established: Ratehub in 2010; its in-house mortgage brokerage launched as CanWise Financial in 2014.
- Address: 100 University Ave, 5th Floor, Toronto, ON M5J 1V6
- Services: Purchases, renewals, refinancing, self-employed applications, investment-property financing, newcomer applications, and second homes.
- Consultations: Online comparison and application tools, with telephone contact.
- Fees and affiliations: Advertises lender-paid brokerage service; confirm product-specific or borrower-paid charges.
- Licensed business: Ratehub Inc., operating as Ratehub.ca, Ontario brokerage licence 12530.
Ask about: Which lenders were considered and how a CanWise recommendation compares with other available options.
8. SafeBridge Financial Group
SafeBridge Financial Group considers mortgage borrowing within a client’s wider financial picture, alongside insurance, investments, and longer-term goals. Its company history traces that approach to a financial consulting business co-founded by Chris Karram and Elisseos Iriotakis.
Its services extend from residential purchases and refinancing to investment-property, commercial, construction, private, and reverse mortgages. The team directory includes mortgage professionals, leadership, insurance advisers, and administrative support, reflecting that broader service model. Borrowers interested in coordinated advice can use a consultation to establish how the engagements fit together, who holds the relevant qualifications, and how separate fees and compensation arrangements are explained.
- Established: 2005, according to its company history.
- Address: 25 Scarsdale Rd, Unit 12, Toronto, ON M3B 2R2
- Services: Residential purchases, refinancing, construction, investment properties, commercial mortgages, private mortgages, reverse mortgages, and self-employed financing.
- Consultations: Online, telephone, and in-person service; contact the team to arrange an appointment.
- Fees and affiliations: Advertises lender-paid mortgage-broker services with no borrower fee. Confirm transaction-specific and separate costs. SafeBridge has a strategic affiliation with TMG and a separate brokerage licence.
- Licensed business: TMG Safebridge Mortgage Solutions Inc., operating as SafeBridge Financial Group, Ontario brokerage licence 10524.
Ask about: The scope, qualifications, and compensation arrangements for mortgage, insurance, and investment advice.
9. TMG The Mortgage Group
TMG The Mortgage Group combines independent mortgage professionals with regional management, training, and central support. Its national organisation serves residential and commercial borrowers, including homeowners refinancing and clients arranging investment-property financing.
The group describes tools for sourcing and managing financing, together with lender-product training for its professionals. For borrowers, the practical starting point is its finder, which supports searches by city and language, followed by a discussion with the person handling the application. The Toronto office forms part of that national structure. Clarifying the professional’s experience, lender access, and support arrangements helps make the consultation specific to the property and transaction involved.
- Established: 1990
- Address: 121 Harbord St, 2nd Floor, Toronto, ON M5S 1G9
- Services: Residential purchases, refinancing, investment-property financing, and commercial mortgages.
- Consultations: Telephone and online enquiries, with a professional finder supporting city and language searches. Confirm meeting arrangements through your chosen professional.
- Fees and affiliations: States that lenders pay its compensation in most cases; ask whether borrower fees apply. TMG’s affiliation with SafeBridge is relevant when assessing how broadly you have compared providers.
- Licensed business: TMG The Mortgage Group Inc., Ontario brokerage licence 10315.
Ask about: Who will handle the file and which residential or commercial lenders are relevant to your property and income.
10. True North Mortgage
True North Mortgage combines physical stores with telephone service and online applications. The company describes a salaried, collaborative team model intended to pair branch-style accessibility with mortgage options from several lenders.
Toronto borrowers can visit the King Street West store in the PATH network or begin an application remotely. The store opened in 2009. Alongside purchases, renewals, and refinancing, its services address self-employed income and complex circumstances such as non-standard earnings or multiple properties.
- Established: First store opened in 2006, following earlier home-based operations from 2004.
- Address: 145 King St W, Toronto, ON M5H 1J8, in the PATH network.
- Services: Purchases, renewals, lender switches, refinancing, self-employed mortgages, and complex borrowing situations.
- Consultations: The King Street store invites in-person visits; telephone service and online applications are also offered. Confirm current hours and availability.
- Fees and affiliations: Lists no broker-service fee for standard/full-featured mortgages, with product-specific and alternative/private exceptions. Other closing costs remain. THINK Financial is its in-house lender.
- Licensed business: True North Mortgage Inc., Ontario brokerage licence 12700.
Ask about: How a THINK Financial or other lender’s mortgage compares on restrictions, fees, and early-exit costs.
Which Mortgage Brokerage Fits Your Situation?
Use the transaction to shape your shortlist. Ask how the specific professional’s services and lender access match the work involved.
| Your Situation | What to Discuss |
|---|---|
| First home purchase | Down-payment evidence, income documents, closing funds, and conditional pre-approval |
| Renewal or lender switch | Maturity date, switching costs, eligibility, and any qualifying-rate exception |
| Refinancing or debt consolidation | Additional borrowing, penalties, charges, and total repayment costs |
| Self-employed or variable income | Tax records, business accounts, and lender-specific income assessment |
| Condo or investment property | Property costs, occupancy, and treatment of rental income |
| Renovation or construction | Budget, advance schedule, inspections, contingency funds, and repayment |
| Alternative or private financing | Suitability, total charges, term-end repayment, and an exit plan |
Before You Choose a Mortgage Brokerage
Bring the same income, property, and transaction information to each consultation so the proposals can be compared on consistent assumptions. Confirm:
- Who handles the file: Check both the business and individual in FSRA’s register. For private financing, verify the accountable professional is a Level 2 agent or mortgage broker.
- Which lenders were considered: Ask about access, related lenders, and the reasons for the recommendation. A brokerage does not necessarily compare every available lender.
- Who pays the brokerage: Lender commissions are common, but borrower fees and other costs can apply. Request written compensation and fee disclosures, including referral arrangements.
- The full mortgage terms: Compare payments, term, amortisation, penalties, prepayment privileges, portability, and closing costs over the period you expect to keep the loan.
- What remains conditional: Pre-approval is not final funding. The lender must accept the borrower, property, and transaction and receive the required documents.
- How private borrowing ends: Establish repayment at maturity, renewal conditions, and a realistic exit strategy with a backup plan. Future bank refinancing is not guaranteed.
Ask for a written explanation of the recommendation and identify which figures are confirmed amounts or estimates. A lower headline rate alone does not establish a lower overall cost.
Frequently Asked Questions
How Much Does a Mortgage Broker Cost in Toronto?
There is no universal fee. Lender commissions are common, while some transactions involve borrower-paid brokerage charges. Request written details of compensation, lender charges, and third-party costs before proceeding. A free consultation does not establish that the completed transaction has no expenses.
Should I Use a Mortgage Broker or Go Directly to a Bank?
Either route may suit your circumstances. A brokerage discusses products from lenders it works with; a bank offers its own mortgages. Compare written offers using equivalent assumptions, including fees, restrictions, and flexibility, rather than relying on access or an existing relationship alone.
Can a Mortgage Broker Help With Self-Employed Income?
Yes. A professional can explain documentation requirements and lenders relevant to your circumstances. Provide accurate tax and business records, and ask how each proposed lender calculates qualifying income. Offering self-employed mortgages does not guarantee acceptance of every income structure.
Do I Need a Stress Test When Switching Mortgage Lenders?
Some eligible straight switches at renewal are exempt from the prescribed qualifying-rate requirement. The rules depend on the mortgage, lenders, and proposed changes. Refinancing or additional borrowing can receive different treatment, and the incoming lender must still assess and approve the application. Confirm the current requirements for your transaction.
How Do I Check an Ontario Mortgage Licence?
Search FSRA’s public register for both the brokerage and individual. Confirm current status, licence class, and affiliation against the business handling your application. Some providers, including banks and credit unions, are exempt from mortgage brokerage licensing and will not appear in that category.
Choosing From This List
Choosing a Toronto mortgage brokerage is a decision about the loan you will live with and the professional helping you arrange it. Use this list to find relevant experience, then compare the actual lender options, written costs, and conditions offered for your circumstances. A clear recommendation should connect the mortgage to your income, property, and plans, including what happens if you need to move, refinance, or repay early.
This publication provides general information, not personalised mortgage or financial advice. Products, fees, and lending requirements may change. Confirm the terms, total costs, and suitability of a proposed mortgage with a licensed mortgage professional or your lender before committing.
