Top 25 Mortgage Brokers in Greater Toronto Area

This Page's Content Was Last Updated: March 16, 2024
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There are 374 licensed mortgage brokerages based in Toronto, but which one is the best one? To help you find the right mortgage broker for your needs, we have compiled a list of the top 24 mortgage brokerages in the Greater Toronto Area. First, we’ll take a look at the summary of the five best GTA mortgage brokerages. Then, we’ll go into further details, as well as compare sample mortgage rates of GTA mortgage brokers.

Quick Picks

  • Butler Mortgage: If you're looking to get the best rate from over 350 lenders, Butler Mortgage is the brokerage for you. They offer a wide variety of mortgage types, and have guarantees such as having the lowest rate, closing after verified approval, and even an after-approval lowest rate guarantee.
  • nesto: This broker has the longest rate hold in Canada, up to 150 days for some mortgages, that lets you lock-in a mortgage rate today after pre-approval. As a mortgage broker in Toronto that also operates across Canada, nesto uses salaried advisors so that you get unbiased support, and being digital means that mortgage applications are easy and convenient.
  • Northwood Mortgages: Founded in 1990, Northwood Mortgages is a local Toronto mortgage broker that has been providing Canadians with mortgages and financing solutions for more than three decades. It's also one of the largest brokerages in the GTA.
  • 6ix Mortgage Group: 6ix Mortgage Group is a Whitby-based brokerage that has access to rates from over 100 lending institutions, which enables it to offer some of the lowest mortgage rates in Ontario. The brokerage offers a wide range of mortgage solutions for all kinds of requirements.

Top Mortgage Brokers in Toronto

Best 5-Year Fixed Mortgage Rates in Canada CanadaLeaf
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Toronto Online Brokerages with Competitive Rates

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Butler Mortgage

Butler Mortgage is a mortgage brokerage based in Toronto that has been in the business for over 25 years. They offer a wide range of mortgage products, with a guarantee of having low rates with good customer service. Butler Mortgage claims to be the only mortgage provider that tracks every prime lender in Canada, which means that customers can get the best rate from over 350 mortgage lenders all from one brokerage.

Butler Mortgage offers various guarantees to back up their 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. If you find a lower rate after your Butler Mortgage approval but before closing, their After-Approval Rate Guarantee means 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:

  • Investment Property
  • Vacation/Second Home
  • Purchase Plus Improvement
  • Construction
  • New to Canada

If you're looking to lock-in a mortgage rate, Butler Mortgage's RateGuard Approval locks in your interest rate for up to 120 days. If rates decrease during this time, your rate will also decrease. You can also get a Verified Approval Letter from Butler Mortgage. If you aren't able to close on the home but you had gotten a Verified Approval Letter from Butler Mortgage, then Butler Mortgage will pay you $1,000.

Butler Mortgage's head office is located in Toronto. Their other Ontario branch locations are in Oakville and Ottawa. They also have branches in Vancouver, British Columbia and Calgary, Alberta.

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nesto is a digital mortgage lender that uses salaried mortgage advisors so that they remain independent and unbiased. Based in Montreal, nesto operates across Canada. If you find a better rate, nesto will at least match that rate or give you $500 with nesto's low rate guarantee.

Other special features offered by nesto is their 150-day rate hold. This locks in a mortgage rate for up to 150 days for certain mortgage types, which is the longest rate hold in Canada. Major banks usually have a rate lock period of up to 120 days.

Another feature is nesto’s cash back mortgage, which gives you back 1% of your mortgage, up to $9,250, for a 5-year term. You can then use this cash for anything, such as for closing costs, to pay debts, or to invest.

As a digital company, you’ll complete your mortgage application online. You can call to speak with a mortgage advisor before completing your online application.

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6ix Mortgage Group

Established in 2018, 6ix Mortgage Group is a mortgage brokerage based out of Whitby, Ontario. The brokerage is a part of the Mortgage Architects broker network and offers mortgage services throughout Ontario. Homebuyers can apply for a mortgage online through the brokerage’s website, and those living in the GTA (Greater Toronto Area) can also visit their office in person. Other ways to get in touch with the brokerage are through phone, e-mail and an online contact form. The brokerage has access to rates from over 100 lending partners that include major banks, credit unions, monoline lenders as well as private lenders. 6ix Mortgage Group offers several mortgage services, including mortgages for first-time homebuyers, construction loans, mortgages to buy a vacation home, refinance, renewal solutions, commercial mortgages, private mortgages and more.

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True North Mortgage

True North Mortgage believes in making it easy for borrowers to get a mortgage, whether that is online, over the phone, or at a physical office. That's why True North Mortgage has 11 stores across Canada that let you meet with mortgage brokers and agents in-person, three of which are in Toronto. True North Mortgage's Toronto locations are located in the Richmond Adelaide Centre, King Street, and North York.

Mortgages offered by True North Mortgage in Toronto include:

  • Vacation and Secondary Homes
  • Investment Properties
  • Purchase Plus Improvements
  • Newcomers to Canada
  • Non-Resident Mortgage

True North Mortgage claims to save borrowers an average of $3,000 with their low rates. Just like other mortgage brokerages in Toronto, if you can find a lower rate, then True North Mortgage has a best-rate guarantee. They'll give you $500 if they can't beat a lower rate for a similar mortgage, within seven days of your mortgage application.

For borrowers looking for a low rate, True North Mortgage's Rate Relief is a 6-month fixed rate mortgage that offers a low rate in exchange for renewing into a longer term with THINK Financial. If you don't renew your 6-month Rate Relief mortgage with THINK Financial, then you'll have to pay a 1% fee.

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CanWise is a mortgage lender, with their brokerage arm being named as Ratehub. CanWise works with 16 lenders and operates in eight provinces and territories. Mortgages that CanWise offers are:

  • Purchase
  • Pre-Approval
  • Refinance
  • Renewal
  • Divorce
  • Vacation/Second Homes
  • New to Canada
  • First-time Home Buyer
  • Self-Employed/Business for Self

Features that CanWise offers include bridge financing and mortgage porting. You can make prepayments of up to 20% of your original mortgage principal each year without mortgage penalties, or increase your regular payment by 20%.

CanWise has 27 mortgage agents in Ontario. Their main office is located in Toronto.

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QuestMortgage is offered by Questrade, a popular online trading and investing platform. They aim to make it easy to get an online mortgage, coupled with low rates. Their BetterRate mortgage can have a mortgage rate-lock for up to 120 days from pre-approval, similar to the rate holds offered by major banks. While there are no physical locations that you can visit, you can still talk to a mortgage advisor over the phone, by live chat, or by email.

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Pine is a completely online mortgage company that lets borrowers apply for a mortgage completely online, although you can always call and speak with a Pine mortgage agent. You can also email or chat with Pine. A digital mortgage application takes less than 10 minutes, which Pine says is simple and fee-free.

You can get a mortgage pre-approval within 24 hours, and from time-to-time they may have cashback offers for new mortgages.

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Citadel Mortgages

Headquartered in Toronto, Citadel Mortgages has offices in seven provinces and is licensed to operate in nine provinces and territories. They offer a wide variety of mortgages and have won various awards, such as the 2022 and 2021 Canadian Mortgage Awards for Broker of the Year (Fewer than 25 employees), the 2022 Canadian Mortgage Award for Digital Innovation in a Brokerage, and the 2020 Canadian Mortgage Award Silver Winner for New Brokerage of the Year. They've also been named as Best Mortgage Employer and Top Brokerages by Canadian Mortgage Professional (CMP).

Citadel Mortgages offers incentives for borrowers. This includes a travel incentive that gives you a complimentary hotel stay at a location of your choice if you close your mortgage with them, and is valid for use within 18 months. Other promotions include earning up to 1,000 Air Miles or up to $2,500 cash back when your mortgage with Citadel closes.

What is a mortgage broker?

A mortgage broker is a licensed professional that works with borrowers to find the best mortgage loan for them. They work for a mortgage brokerage. Mortgage brokers have access to numerous lenders, which means that they can compare rates and mortgages to help you get the best deal possible. This simplifies the process of finding the best mortgage rate.

Popular Toronto Mortgage Brokerage Franchises

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DLCG Mortgage Group
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M3 Financial Group

Note: Rates are for insured high-ratio mortgages as of December 2022

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DLCG Mortgage Group
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Dominion Lending Centres

DLCG Mortgage Group is Canada’s largest franchise-based mortgage network, and Dominion Lending Centres is its namesake brand. DLC Group has 8,200 agents in 540 locations. Of that, Dominion Lending Centres has 2,800 agents, with a strong presence in Ontario. Dominion Lending Centres has 17 offices in Toronto, 11 offices in Mississauga, and 2 offices in Brampton. Dominion Lending Centres has access to hundreds of mortgage lenders.

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The Mortgage Centre

The Mortgage Centre has 299 office locations across Canada, and has a strong presence within the GTA with 1,100 GTA brokers and 95 offices. Of those, 17 offices are in Mississauga, 16 in Toronto, and 10 in Brampton.

Based out of Mississauga, The Mortgage Centre is a Mississauga mortgage broker that offers mortgage options ranging from cottage and vacation homes, investment properties, land, and commercial mortgages, in addition to new purchase, refinancing, and renewing of residential mortgages.

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Mortgage Architects

Also headquartered in Mississauga, with offices in Vancouver, Calgary, Laval, and Halifax, Mortgage Architects gives you access to over 50 lenders. Mortgage Architects has an app, called My Mortgage Planner, that lets you get pre-qualified in less than 60 seconds. It also has tools to help you compare options and see how much mortgage you can afford.

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Super Brokers

Super Brokers, a licensee of Mortgage Architects, operates in all ten provinces and can compare the best rates from hundreds of lenders. Super Brokers offers an extensive range of mortgage products for both the GTA and across the country. This includes more unique options, such as blended rate mortgages, hybrid mortgages, convertible mortgages, interest-only mortgages, industrial and commercial mortgages, and land development financing.

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M3 Financial Group
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Mortgage Intelligence

M3 Financial Group is the largest non-bank originator of mortgages in Canada. Mortgage Intelligence, affiliated with Invis, is part of M3 Financial Group. Mortgage Intelligence has 8 partnered locations in the GTA and Ontario.

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Invis was acquired by Group Multi-Prêts Mortgage Alliance to become the largest full-service mortgage brokerage in Canada with over 3,000 brokers. Now called the M3 Financial Group, Invis has access to over 50 lenders across the country, including provincial credit unions in Toronto and the GTA, to help you find the best rates.

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Mortgage Alliance

Mortgage Alliance has over 30 franchises in the GTA, giving you access to numerous local mortgage brokers and agents. Mortgage Alliance offers pre-approvals in as little as 24 hours if you have the necessary documents, with rate holds from 60 days to 120 days. Besides residential mortgages, Mortgage Alliance also offers investment property mortgages and commercial mortgages.

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VERICO originates over $13 billion in mortgages each year for 45,000 households, making it a significant part of the M3 Mortgage Group. VERICO has 2,300 mortgage advisors across Canada and a strong network of franchised office locations within the GTA. In total, VERICO has 230 franchised locations across the country. They have also won numerous Canadian Mortgage Awards, including National Broker Network of the Year in 2013, 2014, and 2016.

Best 5-Year Fixed Mortgage Rates in Canada CanadaLeaf
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Other Toronto Mortgage Franchises
TMG The Mortgage Group

TMG The Mortgage Group has 136 mortgage brokers in Toronto, with loans and rates from over 50 lenders. TMG The Mortgage Group has been operating since 1990, and claims that they provide no-obligation pre-approvals at no cost. They also have a rate hold for 120 days for pre-approved mortgages.


CENTUM has over 2,100 mortgage professionals and 200 franchised locations in Canada. CENTUM won the 2020 Canadian Mortgage Awards for Broker Network of the Year. Besides mortgages, they have also partnered with other companies for leasing, mortgage life and disability insurance, as well as consumer loans.

Canadian Mortgages Inc

Canadian Mortgages Inc (CMI) is headquartered in Mississauga, but operates throughout Canada. They work with 250 lenders and offer 2,000 mortgage products, including secured lines of credit, home equity loans, second mortgages, private mortgages, and bridge financing. In 2019, they were a finalist in the Canadian Mortgage Awards.

Real Mortgage Associates

Founded in 2015 and based out of Hamilton, Real Mortgage Associates (RMA) describes itself as Canada's fastest growing mortgage broker network. It has partnered with 17 lenders and has closed 281,279 deals. RMA has 562 mortgage agents in Toronto, Mississauga, Brampton, Hamilton, Richmond Hill, Markham, and other parts of Ontario. Mortgage terms available range from 6 months to 10 years. They also offer commercial mortgages, as well as financing for investment properties and vacation homes.

Local Toronto Mortgage Brokerages


Nuborrow is a local Toronto mortgage brokerage that is based out of Vaughan, Ontario. Nuborrow operates in Ontario and British Columbia, and has helped fund $700 million in mortgage loans and processed 5,000 mortgage applications since 2013. With a team of 33 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.

Northwood Mortgage

Northwood Mortgage is an experienced mortgage brokerage that has been operating in the Greater Toronto Area for over 30 years. Founded in 1990, Northwood Mortgage is now one of the largest mortgage brokerages in the GTA and has a team of 135 staff members.

Northwood Mortgage’s head office is located in Markham. Other cities that Northwood Mortgage focuses on include Mississauga, Brampton, Newmarket, Richmond Hill, Pickering, Vaughan, Burlington, Hamilton, London, Guelph, and Kitchener.

8Twelve Mortgage

8Twelve Mortgage Corporation is a relatively new mortgage broker. Founded in 2018 with three Ontario mortgage agents, 8Twelve Mortgage has since expanded to all provinces and has won numerous awards, including Top 75 Brokers of 2021 by CMP, and 2022 Canadian Mortgage Awards for Digital Innovation in a Brokerage and Brokerage of the Year (25 Employees or More). 8Twelve Mortgage's head office is in Toronto. They have eleven offices across Canada.


MonsterMortgage is a licensed mortgage brokerage from Toronto, Ontario. Founded in 1997, MonsterMortgage has been the winner of the Canadian Mortgage Award’s Mortgage Brokerage of the Year three times, and has regularly appeared in CP24's "Hot Property" TV show since 2002.


Cannect is a Toronto mortgage brokerage that focuses on subprime borrowers. This includes those with bad credit or low income. As an alternative mortgage broker, they position themselves as an alternative to the big banks. Cannect is also a Mortgage Investment Corporation (MIC), and allows investors to invest in mortgages through RRSPs, TFSAs, RESPs, or personal un-registered investment accounts.

The calculators and content on this page are provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.