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Mortgage Squad Advisors
Ontario · GTA

Best Mortgage Broker in Toronto, Ontario — 100+ Lenders, 5-Star Rated

Canada's largest mortgage market — multi-tiered, multi-cultural, lender-rich. FSRA Licensed, five-star rated, thousands of mortgages funded across Canada — and Maya AI 24/7 in 50+ languages.

Our office is at 310-3100 Steeles Ave W, Vaughan, ON — we don’t have a Toronto branch. We serve every Toronto neighbourhood in person or remotely. Mon–Fri 9–5 ET; Maya answers 24/7.

Reviewed by Surrayya Afzal, Principal Broker · FSRA #M14001433 · Brokerage FSRA #13737 · Toronto market data as of June 2026

Searching for the best mortgage broker in Toronto, a top Toronto mortgage agent, or the lowest mortgage rates? You’re in the right place. Our Toronto mortgage services cover purchase, renewal, refinance, HELOC, self-employed, new-to-Canada and private lending — all in one local team. We pre-approve you fast, shop 100+ lenders for the lowest rate, and match the right term (short or long term) to save you thousands over the life of your mortgage.

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5-star rated| FSRA #13737| 50+ languages
Today’s best rates in Toronto
5-year fixed
3.94%
5-year variable
3.59%

Lowest in our 100+ lender network · updated daily. Your rate depends on your file.

See all Toronto rates
Avg. price
$1,081,375
City of Toronto average selling price, TRREB, June 2026
Population
~3.0M
Latest census + StatCan
Lender network
100+ lenders
A · B · monoline · private
Languages
12+
Punjabi, Mandarin, Arabic, French + more
Toronto snapshot · 2026

What you’d need to buy in Toronto.

At Toronto’s ~$1,081,375 average price, here’s the down payment by scenario. Maya models your exact file — including Ontario land-transfer tax and CMHC premium — in seconds.

Minimum down — 7.7%
$83,138

5% on the first $500,000 + 10% on the balance. Insured; first-time-buyer friendly.

20% down (conventional)
$216,275

No mortgage default insurance; widest lender choice.

At 20% down (~$216,275) and a representative 5.04% 5-year fixed, a typical Toronto home (~$1,081,375) runs about $5,051/month in principal & interest over 25 years — roughly $201,000 in household income to qualify after the stress test.

Illustrative, based on the Toronto average price; your price band and program may differ. Run your affordability →

Programs in Toronto

Toronto mortgage brokers & agents for every situation

First home, renewal, refinance, investor portfolio — we have a path. Same FSRA license, same 100+ lender network, same dedicated advisor model nationwide.

First-time buyer mortgages in Toronto

$83,138 minimum down on your first Toronto home, with FHSA + RRSP HBP optimization.

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Mortgage renewal in Toronto

Don't auto-renew with your bank. The average Toronto client beats their bank's first offer by 30-60bps.

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Mortgage refinance in Toronto

Unlock the equity you've built in your Toronto home for renovations, debt consolidation, or investment.

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HELOC in Toronto

Up to 65% LTV on a stand-alone HELOC. Variable rate, interest-only, redraw any time.

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Self-employed mortgages in Toronto

Toronto's self-employed borrowers deserve lenders who understand the math. We have dozens that do.

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New-to-Canada mortgages in Toronto

Newcomer programs at all 5 majors. International credit accepted. We speak your language.

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Investment property mortgages in Toronto

Build your Toronto rental portfolio — multi-unit, BRRRR, DSCR-style products available.

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Bad credit mortgages in Toronto

No judgment in Toronto. B-lenders + private mortgages get you in now; we plan the exit to A-pricing in 12-24 months.

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Private mortgages in Toronto

Fast private financing in Toronto when the banks say no — equity-based approvals, funding in days, clear exit plan.

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Reverse mortgages (55+) in Toronto

Toronto homeowners 55+ can access up to 55% of their home equity tax-free, with no monthly payments required.

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Bridge financing in Toronto

Buying before your Toronto home sells? Bridge the gap so you close on time without a fire-sale.

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Multiplex (2-4)

Federal policy finances owner-occupied 2–4 unit Toronto properties on the insured tiered minimum — 5% on the first $500,000 plus 10% on the balance — on purchases up to $1.5M.

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Toronto market read

AI-generated · avg price $1,081,375

Maya

In Toronto, the average home price is $1,081,375, which can significantly impact affordability and the required down payment for homebuyers. As Canada’s largest mortgage market, it offers a diverse range of lending options with a lender prime rate of 5.95%.

Ask Maya about mortgages in Toronto

Instant answers · 50+ languages · no credit pull

Estimates only — a licensed advisor confirms your file. FSRA #13737.Open full chat
Maya · 24/7 AI advisor

Question about mortgages in Toronto? Maya answers instantly in 50+ languages.

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Your Toronto advisors

Licensed people, not a call centre. These advisors are based in Toronto and work Toronto files every week — each licence number below is verifiable on the FSRA public register.

Maran Arumugam, Mortgage Agent, Level 1
Maran Arumugam
Mortgage Agent, Level 1
FSRA #M26000645 · Scarborough, ON
Tamil, English
Daniel Izeti, Mortgage Agent, Level 1
Daniel Izeti
Mortgage Agent, Level 1
FSRA #M26000296 · Toronto, ON
English, Spanish, Albanian
Jason Mccoubrey, Mortgage Agent, Level 1
Jason Mccoubrey
Mortgage Agent, Level 1
FSRA #M13000932 · Toronto, ON
English
Dwayne Jackson, Mortgage Agent, Level 1
Dwayne Jackson
Mortgage Agent, Level 1
FSRA #M16000304 · Toronto, ON
English
See every Mortgage Squad advisor →

Mortgage brokers across Toronto’s boroughs

Toronto is searched borough-by-borough — “mortgage broker etobicoke”, “mortgage broker scarborough” and more. Each has its own market, prices and lender fit. Pick yours for the local detail.

Mortgage broker Etobicoke

Avg ~$1,090,000 · The Kingsway, Mimico, New Toronto

Mortgage broker Scarborough

Avg ~$1,010,000 · Agincourt, Malvern, Guildwood

Mortgage broker North York

Avg ~$1,260,000 · Willowdale, Don Mills, Bayview Village

Mortgage broker East York

Avg ~$1,150,000 · Leaside, Thorncliffe Park, Pape Village

Mortgage broker York

Avg ~$1,040,000 · Weston, Mount Dennis, The Junction

Toronto neighbourhoods we serve

From Downtown Core to The Beaches — we place files across every Toronto pocket. Areas with their own market page are linked below.

Downtown Core
Etobicoke
North York
Scarborough
East York
Forest Hill
Leslieville
The Beaches

In Ontario we shop the Big-6 banks and national monolines alongside regional lenders like Meridian, DUCA, Alterna Savings and more — several of which qualify on the contract rate rather than the stress-test rate, which can be the difference on a tight Toronto file.

Meridian DUCA Alterna Savings FirstOntario
Toronto mortgage guide

Buying or financing a home in Toronto.

The Toronto mortgage market in 2026

As of 2026, the average home price in Toronto is roughly $1,081,375 (Ontario, population ~3.0M). Toronto's market splits sharply by housing form: glass condo towers downtown and along the waterfront finance very differently from the detached pockets of Leaside, Lawrence Park and the Kingsway. Freehold bidding wars and condo-investor rental math are two separate financing conversations that rarely overlap on the same file. At that price, 20% down is about $216,275, and you’d need roughly $201,000 in household income to qualify at the stress-test rate of 7.04% — the greater of your contract rate + 2% or 5.25%. The legal minimum down here is $83,138 (7.7%) — 5% on the first $500,000 plus 10% on the balance — with a default-insurance premium financed on top: a smaller cash outlay now for a slightly higher monthly payment. We model your exact Toronto numbers — price band, down payment, and the stress test — before you ever write an offer.

What it really costs to buy in Toronto

Your down payment is only part of the cash you need to close. Budget the full stack: the down payment ($83,138–$216,275 at this average price), a CMHC, Sagen, or Canada Guaranty insurance premium if you put less than 20% down (financed into the mortgage), Ontario land transfer tax plus Toronto’s municipal LTT, which roughly doubles the bill, and closing costs — legal fees, title insurance, inspection, and appraisal — of roughly 1.5–4% of the price. First-time buyers can claim the Ontario rebate (up to $4,000) plus the Toronto rebate (up to $4,475), which can erase the tax on a modestly priced home. We give you the exact cash-to-close for your Toronto purchase up front, so nothing is a surprise at the lawyer’s office.

Who we help in Toronto

Toronto's buyer mix is exactly where a broker earns its keep. We place the files the big banks decline: self-employed and business-for-self borrowers whose real income doesn’t show on a T4, newcomers using international credit, investors scaling a GTA real-estate rental portfolio, homeowners using debt consolidation to roll high-interest debt into their mortgage, and borrowers rebuilding after bruised credit or needing fast private financing. Across 100+ lenders, we match each Toronto file to the lender most likely to say yes — and there’s no fee to you on A-lender files.

Why a local Toronto broker beats the bank branch

A branch can only offer you that one bank’s posted rate and that one bank’s read of your file. We shop 100+ lenders for your Toronto mortgage — the Big-6 and national monolines alongside regional Ontario lenders like Meridian, DUCA, Alterna Savings, several of which qualify on the contract rate rather than the stress-test rate. We know which lenders price GTA’s property types aggressively and which flex on a tricky file, and your dedicated advisor — plus Maya AI 24/7 in 50+ languages — stays on your file from intake to funding.

Condo or freehold: Toronto is really two mortgage markets

The split in Toronto isn't a matter of taste — it decides how your file is underwritten and what can go wrong. On a downtown or waterfront condo you are not the only thing being assessed: the condo corporation is too. In Ontario that means a status certificate review, where the reserve fund, any special assessment, outstanding litigation, or the building's overall financial health can sink an approval no matter how strong your income is. Very small units, and buildings with a high share of rentals or commercial space, narrow the lender list further. A detached file in Leaside, Lawrence Park or the Kingsway is the opposite problem: the property is rarely the obstacle, the competition is. Freehold bidding wars push buyers to waive the financing condition, which quietly moves the appraisal risk from the lender onto you. Two different conversations, and knowing which one you're in before you sign is most of the job.

The $1.5-million line — the rule that catches Toronto buyers

The most expensive rule in Toronto is a federal one. Mortgage default insurance — CMHC, Sagen, or Canada Guaranty — is only available on purchases up to $1.5 million. Under that ceiling the minimum down payment is tiered: 5% on the first $500,000 and 10% on the portion above it. Above $1.5 million, insurance is not available at any price, so 20% down stops being an upgrade and becomes the legal floor — $320,000 in cash on a $1.6 million home, before land transfer tax and closing costs. Toronto's detached pockets are exactly where a buyer can cross that line without noticing, and it is the difference between a file that funds and one that collapses a fortnight before closing. We check which side of it you are on before you write the offer, not after.

Toronto charges land transfer tax twice

Every Ontario buyer pays provincial land transfer tax. Buy inside the City of Toronto and a municipal land transfer tax lands on top, roughly doubling the bill — and it is due in cash on closing, not financeable into the mortgage. It is the line item that most often leaves Toronto buyers short at the lawyer's office, because it is easy to budget the down payment and forget this. First-time buyers can claim both rebates, up to $4,000 provincially and up to $4,475 municipally, which is the one place buying in Toronto is cheaper than buying in the 905. Run your own number on our Ontario land transfer tax calculator before you commit to a price, and we will build the result into your cash-to-close.

Why us in Toronto

What makes the best mortgage broker in Toronto

Our advisors know which lenders price aggressively in Toronto, which ones flex on GTA property types, and which programs match the buyer profile here.

  • FSRA Licensed #13737 · MBLAA · FINTRAC-reporting
  • Dedicated advisor in your time zone
  • Maya AI for instant answers, 24/7
  • Rate Beat Guarantee — beat any Big 6 offer or $500 (yours, or to your favourite charity)
Run the math Toronto rates Read our blog
Google reviews
Read them on Google →

Verified Google reviews from clients across Canada.

Why a local broker

5 reasons to choose a local mortgage broker in Toronto

If you’re buying, renewing, or refinancing in Toronto, here’s why working with a local broker beats your bank’s first offer.

  1. 1

    100+ lenders, not one bank's posted rate

    Banks quote their own rate. We put your Toronto file in front of 100+ lenders — big banks, monolines, credit unions, and private — and bring back the sharpest offer for your situation.

  2. 2

    Real Toronto market knowledge

    We work Toronto files every week. We know which lenders price aggressively here at the ~$1,081,375 average and which flex on GTA property types.

  3. 3

    The full solution set under one roof

    Purchase, renewal, refinance, HELOC, self-employed, new-to-Canada, and private lending — so whatever your Toronto situation, there's a path without starting over somewhere else.

  4. 4

    Answers 24/7 in 50+ languages

    Maya, our AI mortgage advisor, answers instantly any time — and a licensed FSRA advisor takes over the moment your file gets real.

  5. 5

    Pre-approval in 24 hours, every pocket of the city

    From Downtown Core, Etobicoke, North York and beyond, we move fast — most Toronto pre-approvals are back within 24 hours, with no credit-bureau pull to start.

Frequently asked questions — Toronto

Don’t see yours? Ask Maya — instant answer in 50+ languages.

How do I choose the best mortgage broker in Toronto?
Compare six things. Licensing — every brokerage and agent is on a public register (in Ontario that's the FSRA register; ours is Brokerage #13737), so verify rather than take a badge on a website at face value. Lender access — how many lenders can they actually place with, and does that include B and private lenders if your file needs one? Reviews you can check at the source, not screenshots. Rate options — will they show you fixed and variable, and explain the trade-off rather than steer you? Communication — who answers when something goes wrong two days before closing? And local experience — someone who works Toronto files knows which lenders price this market's property types well. A broker who won't answer those plainly has told you something.
Is it better to use a mortgage broker or a bank in Toronto?
It depends on your profile, and any broker who says otherwise is selling. A bank can only offer you its own products and its own read of your file — which is genuinely fine if you're a straightforward salaried applicant with strong credit and your bank is competitive that week. A broker compares multiple lenders, which matters most when your file has an edge to it: self-employed income, newcomer credit, a bruised score, a condo the bank doesn't like, or a tight closing. We shop 100+ lenders for Toronto clients and we'll tell you when your own bank's offer is already the best one on the table. See bank vs mortgage broker for the honest comparison.
How much does a mortgage broker cost in Toronto?
It depends on the lender and the product type. On most prime (A-lender) mortgages there is no direct borrower-paid broker fee — the lender compensates the brokerage on funding, which is why the service is typically free to you on a standard purchase, renewal or refinance. Where a fee can apply is alternative lending: B-lender and private mortgage files often carry a brokerage and/or lender fee, because those deals take more work and the lender doesn't pay the same way. Anyone quoting you a fee before they've seen your file is guessing. Ours is disclosed in writing, in advance, every time — no fee should ever be a surprise at the lawyer's office.
Are you a mortgage broker or a mortgage agent in Toronto?
Both terms apply. Mortgage Squad Advisors is an FSRA-licensed brokerage (#13737), and your file is handled by a licensed mortgage agent on our team. Whether you searched "mortgage broker Toronto" or "mortgage agent Toronto", you've reached the same place — a local advisor with access to 100+ lenders. New to brokers? See what a mortgage broker is and how they're paid.
Is there a mortgage broker near me in Toronto?
Yes. We serve all of Toronto — Downtown Core, Etobicoke, North York, Scarborough and every surrounding pocket — remotely or in person. You get a dedicated advisor in your time zone plus Maya AI for instant answers 24/7, so help is always close by.
How much income do I need to buy a home in Toronto?
At Toronto's ~$1,081,375 average price with 20% down at a representative 5.04% 5-year fixed, you'd need roughly $201,000 in household income to qualify after the stress test — less with a co-applicant or a larger down payment, more if you carry other debt. We'll model your exact file in minutes.
How do lenders decide how much mortgage I qualify for in Toronto?
Lenders run two debt-service ratios. Your GDS ratio (Gross Debt Service) — housing costs (mortgage payment, property tax, heat, plus half of any condo fees) measured against gross income — generally has to stay under about 39%, and your TDS ratio (Total Debt Service), which adds car loans, credit cards and other debt, under about 44%. Both are tested at the stress-test rate (the greater of your contract rate + 2% or 5.25%). Pay down other debt or add a co-applicant and your Toronto budget rises. Our GDS & TDS guide and stress test guide show the full math, or run your numbers and have Maya model it in minutes.
Should I choose a fixed-rate or variable-rate mortgage in Toronto?
It depends on your risk tolerance and rate outlook. A fixed-rate mortgage locks your rate and payment for the whole term — predictable, and the popular choice when rates are uncertain. A variable-rate mortgage moves with the lender's prime rate (which tracks the Bank of Canada policy rate); it often starts lower and can save money if rates fall, but your payment or amortization shifts if they rise. Terms run 1, 2, 3 and 5 years — the 5-year fixed is the most common choice in Toronto. See our fixed vs variable and 3- vs 5-year term breakdowns, and we'll compare both on your real numbers.
What credit score do I need for a mortgage in Toronto?
For the best A-lender rates, most lenders look for a credit score of about 680 or higher. Scores in the 600s can still qualify, often at a slightly higher rate or with more down payment. Below the low 600s, B-lenders and private lenders take over — many work with scores down to roughly 500 on an equity-based approval, with a plan to move you back to A-pricing in 12–24 months. Our credit score guide explains the bands, and we'll tell you exactly where your Toronto file stands.
Do you serve all of Toronto?
Yes — we provide mortgage brokerage services across Toronto including Downtown Core, Etobicoke, North York, Scarborough and surrounding areas. Our advisors know the local market and lender preferences.
What's the average home price in Toronto?
As of 2026, the average selling price in Toronto is approximately $1,081,375. Your specific neighbourhood and property type can vary materially. We'll model your file at the price band that matches your search.
What documents do I need for a mortgage in Toronto?
Standard Canadian mortgage documents: two pieces of government photo ID, two years of T4s/NoAs, recent pay stubs, 90-day proof of down-payment funds, and your purchase agreement once you have one. Self-employed and newcomer files have additional requirements — we'll send a precise list after a 5-minute intake.
Do you work with first-time buyers in Toronto?
Yes. First-time buyers are a core part of our practice. We help you stack the programs: the FHSA (up to $40,000 lifetime contribution room, tax-deductible), the RRSP Home Buyers' Plan (HBP) with its 15-year repayment, FTHB land transfer tax rebates (where applicable in Ontario), and insured (less than 20% down) CMHC paths starting at 5% down. Under the 2024 rules, 30-year amortization is now available to first-time buyers and on new-build purchases — lowering the monthly payment. We also run a stress-test simulation before any offer.
Who regulates mortgage brokers in Ontario?
Mortgage Squad Advisors is a licensed Ontario brokerage — FSRA (Financial Services Regulatory Authority of Ontario) Brokerage Licence #13737. All advisors are licensed and FINTRAC-trained.
How long does pre-approval take?
Most clients receive a written pre-approval within 24-72 hours of submitting documents. Maya AI gives you ballpark numbers in 60 seconds; the formal pre-approval requires a credit pull and underwriting review.
Do you handle complex files like self-employed or new-to-Canada in Toronto?
Yes. Toronto's buyer pool reflects the broader Canadian market — self-employed, newcomer, multi-unit, alt-A, and private files are all in our daily flow. We pair you with an advisor experienced in your file type.
What rates can I get in Toronto today?
Today's best 5-year fixed across our network is approximately 3.94%, with variable around 3.59%. Your personalized Toronto rate depends on your file (income, credit, loan-to-value (LTV), property type). See our live rate board or ask Maya for an instant quote.

Why Toronto clients choose us

Five-star Google reviews from Canadians we’ve helped buy, renew, and refinance.

“Two banks said no. Mortgage Squad Advisors found a lender and got us our keys in three weeks.”

— Simran P. · First-time buyer

“RBC offered me 5.4%. By Thursday they had me at 4.39% — $400/mo back in my pocket.”

— Christine L. · Renewal

“I had a consumer proposal. No one would touch me. They closed in 10 days without judgement.”

— David M. · Alternative lending

Other Ontario markets we serve

View all →
Vaughan
Mississauga
Brampton
Markham
Oakville
Richmond Hill
Burlington
Hamilton
Kitchener
London
Ottawa
Ajax
Pickering
Whitby
Oshawa
Milton
Newmarket
Aurora

Get the best mortgage in Toronto.

No obligation. No credit check to begin. Just answers — and the best rates Toronto has to offer.