One name among the mortgage brokers in Toronto on this page stands out for pure volume: Ratehub.ca, at 4.9 stars across more than 5,500 Google reviews, over four times the review count of the next closest brokerage here. Outline Financial actually holds the highest score of the five, a perfect 5.0, but on well under a thousand reviews. The gap between a big number and a perfect one is the whole story on this page.
Short answer: The most-reviewed mortgage brokerage in Toronto is Ratehub.ca (4.9 stars across more than 5,500 Google reviews), followed by True North Mortgage (4.9, 1,323 reviews) and Outline Financial, which holds a perfect 5.0 rating over 859 reviews. In Canada, most brokers are paid a commission by the lender that funds your mortgage, so their service is typically free to you on a standard residential deal, the value shows up in the rate and terms they secure.
#1 Overall🕑 Open 5 days/wk
Ratehub.ca
4.9★★★★★5,517 Google reviews
Ratehub.ca is a Toronto-based rate-comparison platform and licensed brokerage rolled into one. Alongside its widely used tools for comparing mortgage rates, credit cards, insurance and banking products, it runs an in-house brokerage whose agents place clients with a range of lenders, including its affiliated lender CanWise. People buying, renewing or refinancing shop rates online and are then paired with a dedicated agent who carries the file to closing. Weekday hours run into the evening, which suits anyone comparing options after work.
What people praise
- Compare live rates online, then work with a real agent
- Clients report agents securing a better rate than the major banks quoted
- Fast, clear communication through the process
- Some agents chase down a lower rate even after the initial offer is accepted
Worth knowing
- Closed weekends
- You are matched with an individual agent, so ask who you will be working with
Reputation scorecardrank in Toronto
Review volume5,517 · 98th
Info completenesssite · phone · hours
✓ VerifiedSource: Google
Our take: The most-reviewed brokerage in Toronto by a large margin, and a safe default for buyers who want to compare rates online without giving up a human agent. Confirm which agent is on your file and what lenders they can access.
📍100 University Ave 5th Floor, Toronto, ON M5J 1V6, Canada
#2🕑 Open 5 days/wk
True North Mortgage
4.9★★★★★1,323 Google reviews
True North Mortgage is a national brokerage with a downtown Toronto office at Richmond and Adelaide, part of a chain now marking its twentieth year. Its brokers handle the full range of files, from first-time purchases and next-home moves to renewals, refinances, self-employed and newcomer applications, plus HELOCs and reverse mortgages. The company pairs in-person and phone service with online calculators and a pre-qualification tool. Standard weekday hours make it a clear choice for buyers who want to sit down with a broker face to face.
What people praise
- First-time buyers describe clear, patient guidance from start to finish
- Brokers who stay proactive and easy to reach
- Clients report competitive rates even after comparing elsewhere
- Found solutions on tight timelines where other lenders stalled
Worth knowing
- Weekday hours only; closed weekends
- Work is handled by an assigned agent, so experience can vary by broker
Reputation scorecardrank in Toronto
Review volume1,323 · 93th
Info completenesssite · phone · hours
✓ VerifiedSource: Google
Our take: The second most-reviewed brokerage here and a strong option for anyone who wants a physical office and a broker to meet with. Deep coverage across purchases, renewals and complex files.
📍120 Adelaide St W, Toronto, ON M5H 1P9, Canada
#3🕑 Open 7 days
Outline Financial - Mortgage & Insurance Broker
5.0★★★★★859 Google reviews
Outline Financial is a Toronto mortgage and insurance brokerage that gives clients access to rate and product options from more than 30 banks, credit unions, monoline lenders and insurers through a single team. It pairs mortgage placement with insurance advice, so a purchase or renewal and the coverage around it can be handled together. Clients describe advisors who watch the market and flag a lower rate as it appears, sometimes outside normal business hours. Its listing shows around-the-clock availability.
What people praise
- Access to more than 30 lenders and insurers in one place
- Advisors who proactively monitor rates and reach out with savings
- Responsive on tight timelines, including late-evening rate changes
- Handled complex, non-standard files with patience and clear explanations
Worth knowing
- Smaller review base than the two brokerages ranked above it
Reputation scorecardrank in Toronto
Info completenesssite · phone · hours
✓ VerifiedSource: Google
Our take: We rank Outline third on scoring confidence, not on quality, its 5.0 rating is the highest on the list, but it rests on fewer reviews than True North's, which is what edges it below. An excellent choice for buyers who want mortgage and insurance advice under one roof.
📍465 King St E #15, Toronto, ON M5A 1L6, Canada
#4🕑 Open 5 days/wk
Pine Financial
4.8★★★★★1,013 Google reviews
Pine Financial is a digital-first Toronto mortgage company that runs the whole application online, from document upload to approval, through its own portal. Each client is paired with a mortgage advisor who guides the file to closing, and reviewers point to competitive fixed and variable rates alongside cash-back offers. Several describe a process that felt simpler and quicker than a traditional bank branch. Weekday hours cover most of the business day.
What people praise
- Smooth, efficient online process with an easy document portal
- Clients report low rates paired with cash-back offers
- Advisors who respond quickly and explain each step
- Patient with first-time buyers and repeat questions
Worth knowing
- Fully digital, so there is less of an in-person option
- Closed weekends
Reputation scorecardrank in Toronto
Review volume1,013 · 83th
Info completenesssite · phone · hours
✓ VerifiedSource: Google
Our take: A strong pick for online-first buyers who want a low-friction application and a responsive advisor. It sits fourth on a 4.8 rating rather than on volume, where it holds its own.
📍1 University Ave, Toronto, ON M5J 1S8, Canada
#5🕑 Open 7 days
Mortgage Outlet Inc.
4.9★★★★★649 Google reviews
Mortgage Outlet Inc. is a North York brokerage led by co-founders Shawn Stillman and Elan Weintraub, working with a panel of Canada's leading mortgage lenders and banks. Its brokers cover purchases, renewals and refinances, and several are recognized names in the local mortgage scene. The office keeps unusually wide hours, listed from early morning to late evening every day of the week. That reach makes it easy to get help well outside a nine-to-five window.
What people praise
- Brokers who guided clients through credit rebuilding and tight closings
- Clients report the team finding deals that saved them thousands
- Organized, systematic process with clear explanations
- Repeat clients who returned for multiple mortgages and renewals
Worth knowing
- Based in North York rather than the downtown core
Reputation scorecardrank in Toronto
Info completenesssite · phone · hours
✓ VerifiedSource: Google
Our take: We rank it fifth on proven review volume, not on quality, the 4.9 rating is elite but rests on fewer reviews than the names above. A great fit for wide availability and repeat renewals.
📍85 Scarsdale Rd Ste 107, North York, ON M3B 2R2, Canada
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Claim this spot › How we score
Every number on this page is computed from public Google data on the date shown, not from opinion or payment. Rating is the brokerage’s live Google star average. Review volume is how many clients have rated them, ranked against other Toronto mortgage brokers. Confidence weighs the rating by that volume, so a 4.9 from thousands of people carries more weight than a 5.0 from a few hundred. Recency reflects how recently clients are still leaving reviews. No business can pay to change these numbers.
What does a mortgage broker cost in Toronto? (2026)
In Canada, mortgage brokers are usually paid a commission by the lender that funds your mortgage, so their service is typically free to you on a standard residential purchase, renewal or refinance. A fee can apply on harder-to-place files, private lending, credit repair, or some commercial deals, and a reputable broker will tell you upfront if one does. What a broker mainly affects is the rate and terms they secure, which is where the real money adds up over a multi-year term. Rates themselves move with the Bank of Canada, the bond market and your own profile, so we do not quote a rate here; always confirm how your broker is paid and get the rate and terms in writing before you sign.
Serving Toronto and the GTA
The brokerages above serve Toronto and the wider Greater Toronto Area, including Downtown, Midtown, North York, Scarborough, Etobicoke, East York, Vaughan, Markham and Mississauga. Searching for a mortgage broker near me? Every listing below shows a live phone number and directions, and several work by phone and online across the region, so distance is rarely a barrier.
What to ask before you pick a mortgage broker
- Are you a licensed mortgage agent or broker in Ontario (FSRA), and how long have you been placing mortgages?
- How many lenders do you work with, and are any of them affiliated with your firm?
- How are you paid on my file, by the lender, or is there a fee to me?
- Can you hold a rate for me, and for how long?
- What are the prepayment privileges and penalty terms on the mortgage you are recommending?
- Will you compare fixed and variable options and walk me through the trade-offs?
Frequently asked questions
How did you choose these mortgage brokers?
We started from every mortgage brokerage in Toronto with a public Google presence, then ranked by rating, review volume, scoring confidence and recency. See How we score above.
Are these rankings paid?
No. Rankings come from the public Google data in the scorecard. A business can pay to be a Featured Partner, which adds a badge and top placement, but that never changes another business’s score or position on the underlying data.
How often is this updated?
The data carries a verified date (July 2026 on this page). We refresh listings periodically so ratings and review counts stay current.
Do mortgage brokers charge a fee in Toronto?
On a standard residential mortgage, brokers are usually paid a commission by the lender, so their service is typically free to you. A fee can apply on harder-to-place files such as private or credit-repair deals, ask your broker to confirm how they are paid before you proceed.
Is a mortgage broker better than going straight to my bank?
A broker can shop several lenders at once, while a bank offers only its own products, so a broker may surface options and rates you would not see on your own. Which is right depends on your situation, compare the rate, terms and prepayment rules, not just the headline number, and get everything in writing.
The bottom line
Ratehub.ca is the safe default for most Toronto buyers on sheer proven track record, while Outline Financial is the highest-rated name on the list and True North is the strongest pick if you want a physical office. Whoever you call, confirm how the broker is paid and get the rate, term and prepayment terms in writing before you sign.
