Top 28 Mortgage Brokerages in Ontario
Mortgage brokers are professionals who can find you the best mortgage rates and deals available in the market, which are usually better than those offered by the banks. They have access to rates from multiple lenders and can potentially help you save thousands of dollars in mortgage interest. Mortgage brokers are paid a commission by the lenders and their service to borrowers is free of cost. Listed below are some of the top online mortgage brokers, mortgage broker networks, and local Ontario brokers who offer mortgage services across the province.
Quick Picks 💡
- Butler Mortgage: One of the most experienced mortgage brokerages in Canada, Butler Mortgage tracks rates from over 350 lenders. They provide several rate guarantees to ensure you are always getting the best rate available.
Top Mortgage Brokers in Ontario
Ontario Online Brokerages with Competitive Rates
Butler Mortgage, headquartered in Toronto, is a leading mortgage brokerage in Canada that has been operational for over 25 years. Its other Ontario branches are located in Toronto, Hamilton, and Ottawa, and it also has offices in Vancouver and Calgary. The brokerage offers an extensive range of mortgage products while guaranteeing low rates to its clients. According to the brokerage, it tracks rates from every prime lender in the market and provides its clients with the best rates from over 350 lenders.
Butler Mortgage offers various guarantees to back up its low rates. Their Up-Front Rate Guarantee means that if you find a lower rate, Butler Mortgage will beat that rate or give you $500 at closing. Suppose you find a lower rate after your Butler Mortgage approval before closing. In that case, their After-Approval Rate Guarantee ensures that you can switch to the lender offering the lower rate if your current lender won't match it and if the rate is at least 0.1% lower than your current rate.
Types of mortgages and financing options offered by Butler Mortgage include:
- Purchase
- Refinance
- Renewal
- HELOC
- Self-Employed
- Investment Property
- Vacation/Second Home
- Purchase Plus Improvement
- Construction
- New to Canada
Joe Purewal Mortgages is an award-winning mortgage broker with more than two decades of experience, serving clients in Mississauga, Toronto, and throughout the GTA. Known for solving difficult mortgage challenges, Joe specializes in bank declines, self-employed mortgages, bad credit, debt consolidation, tax arrears, and other unique financial situations. Joe and his Team also assist with purchases, renewals, refinancing, investment properties, and mortgage pre-approvals, delivering personalized advice tailored to each client's goals. With access to a wide network of lenders, Joe and his team find solutions where others may not. As of July 2026, Joe Purewal has earned over 950 five-star Google reviews and is recognized as one of Mississauga's most trusted mortgage brokers, helping thousands of clients achieve their homeownership and financial goals.
Mortgage Squad Advisors is an Ontario mortgage brokerage with over 20 years in business. Whether a borrower is looking to buy their first home, refinance, renew, invest, or needs a private, alternative, commercial, or construction mortgage, the brokerage team offers the best options from a wide network of lenders and guides them through the process from start to finish. As of June 2026, the brokerage holds a 4.9 Google rating after 234 reviews.
The brokerage has an AI-powered advisor, Maya, that can answer mortgage questions in less than 30 seconds. Mortgage Squad Advisors focuses on clear advice, competitive mortgage rates, fast communication, and practical solutions for every type of borrower, including self-employed clients, newcomers to Canada, investors, business owners, and clients with unique income or credit situations. The brokerage suggests that its goal is to make the mortgage process easier, more transparent, and better suited to clients’ financial goals.
The brokerage serves borrowers in the Greater Toronto Area and the rest of Ontario. Mortgage Squad Advisors can help borrowers compare rates, understand their options, and move forward with confidence, with service that feels personal.
Based in Toronto, Ontario, Frank Mortgage is a digital mortgage brokerage that provides mortgage solutions across Canada. Founded in 2019, the company aims to simplify the mortgage process by combining technology with licensed mortgage advisors. Frank Mortgage helps borrowers access a range of mortgage options from multiple lenders, including first-time homebuyer mortgages, refinancing, and investment property financing. The brokerage focuses on offering competitive rates and a streamlined online experience that allows borrowers to compare options and complete much of the application process digitally. Customers can also connect with mortgage advisors for guidance throughout the process.
CanWise is a Canadian lender that has its own brokerage arm Ratehub.ca and offers its mortgage rates exclusively through it. The brokerage serves clients in eight provinces and territories, including Ontario. CanWise has 27 mortgage agents in Ontario. Their main office is located in Toronto. The brokerage has 16 lending partners and offers the following mortgages:
- Purchase
- Pre-Approval
- Refinance
- Renewal
- Self-Employed/Business for Self
- Divorce
- Vacation/Second Homes
- New to Canada
- First-time Home Buyer
Mortgage products from CanWise have several features, including bridge financing and mortgage porting. They also offer some prepayment privileges. Borrowers may make prepayments of up to 20% of the original mortgage principal each year without incurring mortgage penalties, or they may choose to increase their regular payment by 20%.
True North Mortgage is a Calgary-based brokerage that facilitates getting a mortgage with ease, whether that is online, over the phone, or at an office. True North Mortgage has 12 offices across Canada, three of which are located in Toronto: Richmond Adelaide Centre, King Street, and Mississauga. Borrowers living in other parts of Ontario can apply online or contact them over the phone.
Mortgages offered by True North Mortgage include:
- Vacation and Secondary Homes
- Investment Properties
- Purchase Plus Improvements
- Newcomers to Canada
- Non-Resident Mortgage
- HELOCs
- International Home Purchases
- Self-Employed Mortgages
- Reverse Mortgages
True North Mortgage suggests that on average, their clients save $3,000 on mortgage interest due to the low mortgage rates offered by them. Similar to some other brokerages, True North Mortgage also gives a low rate guarantee to its clients to back the rates they offer. If you find a better rate at another brokerage, True North promises to match or beat that rate. Otherwise, they give you $500 if they can't match the rate for a similar mortgage.
For borrowers looking for a low rate for a short period of time, True North Mortgage's Rate Relief may be a suitable product. Rate Relief is a 6-month fixed-rate mortgage with a low-interest rate, after which borrowers must renew for a longer term with the in-house lender THINK Financial. If the borrower opts not to renew the mortgage with THINK Financial, they have to pay a 1% administration fee.
Nuborrow is a local Toronto mortgage brokerage based out of Vaughan, Ontario. Nuborrow operates in Ontario and British Columbia and has helped generate over $1 billion in mortgage volume and served over 20,000 clients since 2013. With a team of 31 mortgage agents, Nuborrow is accredited by the BBB with an A+ rating.
Nuborrow claims that the average customer can save $16,800 per year by refinancing with Nuborrow. They also offer an "unlimited" number of mortgage options, including vacation home mortgages, self-employed mortgages, rental purchase mortgages, and more. The entire process of getting a mortgage with Nuborrow is online. This means you'll apply and even sign your mortgage online, making it a convenient digital option for borrowers.
Mortgage Broker Networks
Mortgage broker networks have several independently operating brokerages working as a franchise of the network. These brokerages have access to the tools and resources provided by the network to help them build and run their businesses. The networks work with many lenders and negotiate the best rates. The network members have access to these rates, saving them the time and effort of negotiating with all the lenders on their own. The brokers in the network also have access to several training programs offered by the network to help them stay up to date.
Many broker networks are part of larger financial groups. For example, Mortgage Intelligence, Invis, Mortgage Alliance, and Verico are all part of the M3 Financial group. The other major financial group is the DLCG Mortgage Group. Read below to learn more about the broker networks operating in Ontario.
| Brokerage/Lender | Description |
DLCG Mortgage Group | |
| One of Canada's largest networks with 2,900+ professionals, 350+ offices, and access to 90+ lenders. | |
| Canada's oldest broker network. 1,800+ brokers across Ontario covering residential, commercial, and vacation mortgages. | |
| Mississauga-based, 1,000+ mortgage professionals, 50+ lending partners. | |
| Hamilton-based, founded in 2006. 350+ agents serving the GTA and surrounding Ontario regions. | |
M3 Financial Group | |
| Part of M3, Canada's largest non-bank mortgage originator. 20+ years in business, 6 regional offices across Canada. | |
| Founded in 1989, headquartered in Mississauga. Access to 50+ national, regional, and private lenders. | |
| 40+ Ontario franchises. Pre-approvals in under 24 hours with 60–120 day rate locks. | |
| National mortgage broker network founded in 2005, acquired by M3 Financial Group in 2017. | |
Others | |
| Canadian mortgage company founded in 1990, offering mortgage solutions through a network that works with 50+ lenders. | |
| National mortgage network with 2,200+ agents in 200+ offices across Canada, serving 10,000+ clients annually. | |
| Broker-focused private mortgage lender with access to $1B+ in capital, offering private mortgage and bridge financing solutions. | |
Part of the DLCG Mortgage Group, Dominion Lending Centres is one of the largest broker networks in Canada. The network has over 2,900 mortgage professionals and more than 350 office locations nationwide. It maintains a strong presence in Ontario, with offices in Toronto, Mississauga, Brampton, Hamilton, and Ottawa. The network partners with over 90 lenders to help borrowers find competitive mortgage deals.
Headquartered in Mississauga, The Mortgage Centre is the oldest mortgage broker network in Canada. The network has over 1,800 brokers and 127 franchises across more than 100 offices in Canada.
In addition to new purchases, refinancing, and renewing of residential mortgages, The Mortgage Centre offers mortgage options ranging from cottage and vacation homes to investment properties, land, and commercial mortgages.
Headquartered in Mississauga, Mortgage Architects also has regional corporate offices in Vancouver, Calgary, Laval, and Halifax. The network has over 700 mortgage brokers in Ontario and works with over 50 lending partners. Borrowers can get pre-qualified in under 60 seconds through the network's mobile app called 'My Mortgage Planner.' The app also offers several tools to help you compare mortgage options and calculate how much mortgage you can afford.
Based out of Hamilton, Real Mortgage Associates (RMA) is a broker network that was founded in 2006. RMA became a part of the DLC group in 2024. The network has over 350 mortgage agents in Toronto, Mississauga, Brampton, Hamilton, Richmond Hill, Markham, and other parts of Ontario.
Mortgage Intelligence, along with its affiliated company Invis, is a subsidiary of the M3 Financial Group, which is the largest non-bank originator of mortgages in Canada. The broker network was established over 20 years ago and has a presence in all provinces of Canada.
Invis, along with its affiliated company Mortgage Intelligence, is a part of the M3 Financial group. Headquartered in Mississauga, Invis was founded in the year 1989. The network was acquired by Group Multi-Prêts Mortgage Alliance in 2016 to become the largest full-service mortgage brokerage in Canada at the time. Invis has access to over 50 lenders, including national, regional, and private lenders.
With over 40 franchises in Ontario, Mortgage Alliance is a prominent broker network in the province. Borrowers can get pre-approved in less than 24 hours with Mortgage Alliance and lock in the rates for 60 to 120 days. Borrowers can check the latest rates on their website and submit an online application. They can alternatively get in touch with a broker close to them. Apart from residential mortgages, Mortgage Alliance also offers investment property mortgages and commercial mortgages.
VERICO is a leading mortgage broker network in Canada that became part of the M3 Financial Group in 2017. The network helps finance over $18 billion in mortgages every year for over 45,000 households. The network has over 230 mortgage business owners and entrepreneurs across its franchisee locations in Canada and has received multiple industry accolades, including Gold awards at the 2023 Canadian Mortgage Professional Top Mortgage Employers.
Established in 1990, The Mortgage Group has a network of over 1,900 mortgage professionals in Canada. The network has partnered with over 50 lenders and provides various mortgage solutions. The brokers in the network have access to several marketing and CRM tools, along with training and development programs.
Based out of Vancouver, CENTUM is a broker network founded in 2002. The network has over 2,200 mortgage professionals and about 200 office locations in Canada. The network works with leading Canadian lenders to finance mortgages for over 10,000 Canadians annually. Borrowers can apply online or find a CENTUM broker near them.
Canadian Mortgages Inc. (CMI) is a Mississauga-based private mortgage lender that works exclusively through mortgage brokers. Founded in 2005, CMI has grown into Canada's largest private mortgage lender, with over $1 billion in capital under management. Rather than acting as a broker network, CMI provides private mortgage funding to borrowers who may not qualify with traditional lenders, including those who are self-employed, have bruised credit, or need bridge financing. Mortgage solutions offered by CMI include first and second mortgages, home equity loans, private mortgages, and bridge financing.
Local Ontario Mortgage Brokerages
Rakhi Madan Mortgage Broker is a highly regarded brokerage serving clients across Ontario, including Brampton, Toronto, and the Greater Toronto Area. With 400+ five-star Google reviews (as of June 2025), the brokerage is known for its outstanding service. Led by award-winning broker Rakhi Madan—recognized with honours such as CMP Broker of the Year and Reader's Choice—the firm brings over 15 years of expertise to the table. Clients benefit from access to 50+ top Canadian lenders, including major banks, credit unions, and private lenders, offering over 7,200 mortgage products. Their services cover everything from first-time homebuyer assistance and renewals to refinancing, self-employed and newcomer mortgages, investment solutions, and more. Personalized advice, long-term support, and wealth-building strategies are central to their approach.
Northwood Mortgage is a mortgage brokerage based out of Markham, Ontario, that offers mortgage brokerage services across Ontario, including the GTA, Hamilton, London, Guelph, and Kitchener. Established in 1990, the brokerage has over 35 years of experience. The brokerage has a team of over 100 mortgage professionals and offers prime and subprime mortgage solutions. They also have expertise in commercial, industrial, and investment mortgages.
Sherwood Mortgage Group is a brokerage based out of Toronto that provides mortgage solutions in Ontario, Alberta, Quebec, Saskatchewan, and New Brunswick. The brokerage has over 50 lending partners and a multilingual team of over 60 mortgage agents working in Ontario. Borrowers can contact one of the agents through phone or email or choose to apply directly with them online. The brokerage provides both residential and commercial mortgages.
Clover Mortgage is a brokerage based out of Toronto and servicing the entire province of Ontario, including the Greater Toronto Area, the Ottawa, Peel Region, Niagara Region, Halton Region, York Region, Durham Region, London, Cambridge, Kitchener-Waterloo, Windsor, and more. The brokerage has over 40 lending partners that include both institutional and private lenders.
The brokerage has a team of over 20 mortgage brokers and agents who can be reached directly through phone or email. Alternatively, borrowers can apply online or contact the brokerage’s toll-free phone number. The brokerage can also help get emergency mortgages in less than 48 hours.
Headquartered in Toronto, 8Twelve Mortgage Corporation was founded in 2018 and is licensed to operate across Canada. The brokerage works with over 65 lenders to offer over 7,000 options. Borrowers can get started by applying online through their website or by giving them a call. The brokerage has won several awards, including the Canadian Mortgage Awards for Digital Innovation in a Brokerage in both 2022 and 2024.
Founded in 1997 and headquartered in Toronto, MonsterMortgage is a licensed brokerage in Ontario. The brokerage has a team of over 15 mortgage professionals and has won the Canadian Mortgage Awards’ Mortgage Brokerage of the Year award three times. The brokerage has regularly appeared in CP24's "Hot Property" TV show since 2002. Borrowers can apply online or contact one of the brokers directly.
Founded in 2008, Matrix Mortgage Global is a brokerage based out of Toronto. The brokerage has three offices in the GTA and a team of over 100 mortgage agents. The brokerage is a ‘Top 75 Brokerage’ in Canada. The brokerage has also won the CMA Broker of the Year award for Private Lending five consecutive times, from 2018 to 2022. The brokerage can get you a mortgage approval in less than 10 minutes. The brokerage now accepts cryptocurrency for payments. Borrowers can apply online through their website or give them a call on one of their numbers. Other ways to get in touch are visiting a branch, online inquiry, and email.
Mortgage Scout is a brokerage based out of Toronto that has a second office in Richmond Hill. The brokerage has a team of over 25 mortgage agents and brokers. Borrowers can apply for a pre-approval from their website or book a call with one of their agents. The brokerage offers different mortgage solutions for different stages of life, including mortgages for first-time home buyers and reverse mortgages for retirees. Borrowers can also download their free mobile app to use the calculators provided by the brokerage or check the latest rates.
Sunlite Mortgage, a brokerage based in Toronto, has provided mortgage services across Ontario since 2003. Their lending partners include banks, credit unions, trust companies, and private lenders. The brokerage has a team of over 20 mortgage professionals, and borrowers can apply directly with one of them. Alternatively, borrowers can request a callback. Borrowers can also sign up for rate updates to keep track of the changing mortgage rates.
Outline Financial is a mortgage and insurance brokerage that offers its services across Ontario. The brokerage has three offices in Toronto and one in Ottawa. Borrowers can submit a quick application (under 60 seconds) or a full application through their website. Alternatively, they can visit the brokerage’s offices or contact them through phone or e-mail. The brokerage offers residential, commercial, and specialty mortgage services.
Ontario Mortgage Broker Regulations
The Financial Services Commission of Ontario (FSCO), now merged into the new Financial Services Regulatory Authority of Ontario (FSRA), regulates mortgage brokers in Ontario. A FSRA license is mandatory for mortgage brokers operating in Ontario. Their licensed name and license number must be displayed on all marketing materials and advertisements.
If you obtain a mortgage from an unlicensed mortgage broker then you are not protected under Ontario's Mortgage Brokerages, Lenders and Administrators Act. Private mortgage lenders do not need to be licensed, however they cannot advertise to the public. Licensed mortgage brokers can advertise on their behalf. Ontario requires a minimum two-day cooling off period before signing your mortgage agreement with a mortgage broker. This gives you time to carefully review your contract and terms.
How do I become a mortgage broker in Ontario?
Mortgage brokers are licensed by the Financial Services Regulatory Authority of Ontario (FSRA). There are a few requirements to getting a FSRA license, including:
- Be 18 years of age or older
- Be a resident of Canada
- Have an Ontario mailing address that is not a P.O. Box
- Licensed as a mortgage agent for at least 24 months in the immediate 36 month period before applying for the mortgage broker license
- Work for only one mortgage brokerage and authorized to deal or trade mortgages on its behalf
Ontario Mortgage Broker Education Requirements
You will also need to take a FSRA approved course and exam. These courses are offered by Mortgage Professionals Canada (MPC).
MPC's Ontario Mortgage Broker Education Program (OMBEP) comes in two phases: an online portion and an in-class portion. Students have 6 months to complete the online portion of the course. This portion has a final exam with 50 multiple-choice questions, a passing mark of 60%, and a 3-hour time limit.
Once students pass the online portion, students will then register for the in-person portion of the course. In this second phase, students will attend class for five consecutive days, Monday to Friday, from 9 am to 5 pm. There is a final exam of 100 multiple-choice questions, a passing mark of 60%, and a 3-hour time limit.
Tuition for the OMBEP is $495. The OMBEP certificate is valid for three years.
Education Equivalency
Instead of taking the OMBEP, you may request for education equivalency to be applied to your application. FSRA will review your education and experience to determine whether it matches the Mortgage Broker Qualifying Standards (MBQS). This review includes a resume, an assessment of your qualifications, letters from your current or previous employers, and support from your mortgage brokerage's principal broker.
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