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 July 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.
City of Toronto average selling price, TRREB, July 2026
Homes sold
2,242
July 2026 · TRREB Market Watch
Days on market
32
Average LDOM, July 2026
Population
~3.0M
Latest census + StatCan
Lender network
100+ lenders
A · B · monoline · private
Languages
12+
Punjabi, Mandarin, Arabic, French + more
Sales and days-on-market for Toronto from the TRREB Market Watch, July 2026. Days on market is that board’s average ldom — boards measure it differently, so it isn’t comparable city to city across boards.
Toronto snapshot · 2026
What you’d need to buy in Toronto.
At Toronto’s ~$1,010,836 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 — 7.5%
$76,084
5% on the first $500,000 + 10% on the balance. Insured; first-time-buyer friendly.
20% down (conventional)
$202,167
No mortgage default insurance; widest lender choice.
At 20% down (~$202,167) and a representative 5.04% 5-year fixed, a typical Toronto home (~$1,010,836) runs about $4,722/month in principal & interest over 25 years — roughly $189,000 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.
In Toronto, the average home price is $1,010,836, reflecting the city’s status as Canada’s largest mortgage market with a diverse range of lenders. The high average price implies significant down-payment requirements, which can impact overall affordability for prospective homeowners, especially with the current prime lending rate at 5.95%.
Ask Maya about mortgages in Toronto
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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.
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.
Toronto isn’t one mortgage market. The dominant property form in each pocket decides how your file is underwritten and where it can go wrong. This is general guidance by property form — your exact price band, lender fit and program are confirmed on your file.
Toronto neighbourhoods by dominant property form and the financing consideration each one triggers.
Neighbourhood
Typical property form
What it means for your financing
Downtown Core
Condo (high-rise)
The building is underwritten alongside you: a status-certificate review can surface reserve-fund shortfalls, special assessments or litigation that stall an approval regardless of income. Very small units and buildings with a high rental or commercial share narrow the lender list.
Forest Hill
Detached (luxury)
Values here routinely clear the $1.5M insured-mortgage ceiling, so default insurance is unavailable and 20% down is the legal minimum — not an upgrade. Larger loans draw tighter debt-ratio and appraisal scrutiny.
Lawrence Park
Detached (luxury)
Another pocket that typically sits above the $1.5M line: uninsurable, 20% down minimum, and the appraisal carries real weight on the file.
Leaside
Detached
Tightly-held, low-turnover detached stock, so much of the local work is refinancing and renewals drawing on built-up equity. Prices often sit near or above the $1.5M ceiling.
The Kingsway
Detached
Established West Toronto detached market frequently above the $1.5M line — plan for 20% down and expect the appraisal to matter on a competitive purchase.
Leslieville
Semi / Victorian freehold
Freehold bidding wars push buyers to waive the financing condition, which shifts appraisal risk from the lender onto you — a low appraisal on a firm offer becomes a cash gap you cover.
The Beaches
Detached / semi (freehold)
Same freehold dynamic: competitive offers and waived conditions mean the appraisal, not just your income, decides whether the file closes cleanly.
Grounded in the underwriting rules above — the condo status-certificate review, the $1.5M mortgage-insurance ceiling, and freehold appraisal risk. We don’t publish per-neighbourhood price bands or lender names; get your file assessed for the specifics.
Mortgage brokers in nearby cities
Buying or refinancing just outside Toronto? We broker across the whole region — borrowers here most often cross-shop mortgage options in Vaughan and Mississauga, where average prices and lender appetite differ enough to change the file.
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 $1,010,836 (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 $202,167, and you’d need roughly $189,000 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 $76,084 (7.5%) — 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 ($76,084–$202,167 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.
Toronto condo investors: how the rental income is actually counted
Toronto has Canada's deepest condo-investor market, and the files fail in predictable places — almost always on how the rent is treated, not on the buyer. Lenders count rental income one of two ways, and the choice can decide the whole deal: a rental add-back adds a share of the gross rent (commonly around 50%) to your income, while a rental offset nets a share of the rent (often around 80%) directly against the property's carrying cost. On a small downtown unit, the second method is usually the difference between qualifying and not. The trap specific to Toronto right now is negative carry: at today's rates, the rent on a typical one-bedroom condo often does not cover the mortgage, condo fees and property tax combined, and a lender that debt-services the shortfall against your personal income can run your ratios over the line. Financing is also equity-heavy here — a non-owner-occupied condo can't be default-insured, so 20% down is the floor, and lenders scrutinise buildings with heavy investor concentration or short-term-rental (Airbnb-style) use. We model the offset-versus-add-back math and the true monthly carry before you firm up, because on a Toronto investment condo the property cash-flows or it doesn't, and that is knowable in advance.
Buying pre-construction in Toronto: the traps that catch buyers years later
Toronto runs the largest pre-construction condo pipeline in the country, and pre-con financing works nothing like a resale purchase. Three things catch buyers. First, interim occupancy: you can move in months (sometimes more than a year) before the building formally registers, and during that window you pay an occupancy fee — effectively rent to the builder — that builds you no equity and isn't a mortgage payment. Second, the final-closing appraisal gap: you agreed a price years ago, but your lender appraises the unit at its value on closing day. If today's value is lower than your original price — which softening Toronto condo prices have made a real risk — the lender lends against the lower number and you cover the shortfall in cash, on top of your deposit. Third, assignments: selling your contract before closing carries its own HST, assignment-clause and lender complications that a resale never does. None of this is a reason to avoid pre-con, but every one of them is a reason to have the financing conversation before you sign the purchase agreement, not in the final-closing rush. We map the deposit structure, the occupancy period and the appraisal risk up front so the closing isn't the first time you see the gap.
An illustrative Toronto file: when the condo, not the buyer, is the problem
This is an illustrative example — a composite of common Toronto files, not a specific client, and not a guaranteed outcome. A well-qualified buyer with strong income and a clean bureau goes firm on a downtown one-bedroom, and the file stalls anyway — not on them, but on the building. The status certificate review turns up a thin reserve fund and a pending special assessment, and several lenders quietly step back from the building regardless of how good the borrower looks on paper. The fix isn't a better applicant; it's a lender whose policy still fits that specific building, arranged before the financing condition lapses. The lesson the example is meant to carry is the one that runs through this whole page: in Toronto, half the job is knowing whether you're being underwritten as a buyer or as a building, and getting ahead of the one that applies to you. Every real file differs — we assess yours specifically rather than assume.
Broker vs bank
Toronto mortgage broker vs your bank branch
A branch is one lender with one credit policy. A brokerage puts the same file in front of many. Here is the difference row by row — and underneath, what a rate gap is worth on a Toronto-sized mortgage.
Working with a Toronto mortgage broker compared with going directly to a bank branch.
What differs
Mortgage Squad (Toronto)
A single bank branch
Lenders your file is shown to
100+ — big banks, monolines, credit unions, B-lenders and private, including regional Ontario lenders like Meridian and DUCA
One — the bank you walked into, on its own products and its own credit policy
If that lender declines
The file moves to the next lender on the panel without starting over — and there is a B and private tier behind the A tier
The application ends there; you begin again somewhere else, with a second credit inquiry
Who pays for the advice
On prime (A-lender) mortgages the lender compensates the brokerage on funding — no direct borrower-paid fee. B and private files can carry a fee, disclosed in writing in advance
Built into the branch's pricing; the discount off posted is whatever you negotiate
Rate you're quoted
The lowest placeable rate on the panel for your file — today that's 4.09% on a 5-year fixed, updated daily
That bank's own sheet, discounted off its posted rate on request
Local property types
We place Toronto files weekly and know which lenders are comfortable with GTA's property forms
One credit policy applied nationally, whatever the local stock looks like
Prepayment penalty math
We compare the penalty terms, not just the rate — several lenders calculate the interest rate differential far more fairly than the posted-rate method
Many big banks compute the IRD from inflated posted rates, which can multiply the cost of breaking early
What a rate gap costs in Toronto
On a $808,669 mortgage — 20% down against Toronto’s ~$1,010,836 average price — over a 25-year amortization and a 5-year term. The first row is today’s lowest 5-year fixed on our 100+ lender network; the next two show the same mortgage a quarter and a half point higher.
Monthly payment and five-year cost of a $808,669 Toronto mortgage at three rates.
5-year fixed rate
Monthly payment
Owing at renewal
Cost of the 5-year term
4.09%our best today
$4,293
$705,078
$154,007
4.34%+0.25%
$4,404
$708,088
$163,666
4.59%+0.50%
$4,516
$711,036
$173,346
“Cost of the term” is everything paid over the 60 payments less the principal actually retired, so a higher payment isn’t credited as a saving. On this mortgage, half a point is $19,339 over one term. Illustrative arithmetic at the stated rates, not a quote — your rate depends on your file, and every figure here recomputes daily from our live board. See all Toronto rates →
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)
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
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
Real Toronto market knowledge
We work Toronto files every week. We know which lenders price aggressively here at the ~$1,010,836 average and which flex on GTA property types.
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
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
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.
What are average closing costs in Toronto?
Budget roughly 1.5% to 4% of the purchase price, on top of your down payment and payable in cash at closing. The stack is the same everywhere; the sizes differ. You pay Ontario land transfer tax plus Toronto’s municipal LTT, which roughly doubles the bill. Legal fees, title insurance, a home inspection and an appraisal make up most of the rest, plus adjustments reimbursing the seller for prepaid property tax and utilities. If you put less than 20% down, the default-insurance premium is financed onto your mortgage rather than paid in cash — but Ontario charges provincial sales tax on that premium, and the PST is due at closing. 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. New-build purchases add builder adjustments — development levies, utility connections and enrolment fees — that are billed at final closing and aren't always capped in the agreement. We give you the exact cash-to-close for your Toronto file before you write an offer, and you can model the tax yourself with our land transfer tax calculator and closing costs calculator.
Which neighbourhoods have the best value in Toronto?
We don't publish per-neighbourhood price rankings, and you should be sceptical of any broker who does — a "best value" list is an opinion dressed as data, and prices at that granularity move faster than a web page. What we can tell you is the part that actually changes your mortgage: the dominant property form in a pocket decides how your file is underwritten. Condo-heavy areas mean the corporation is assessed alongside you (an Ontario status certificate review can surface reserve-fund or special-assessment problems that stall an approval regardless of your income). Freehold pockets shift the risk to the appraisal, especially if you waive a financing condition to win. And areas whose typical price clears $1.5 million can't be default-insured at all, which makes 20% down the legal minimum rather than a choice. The table on this page maps each Toronto pocket to the consideration its property form triggers. Each Toronto sub-market linked above carries its own sourced average price. Tell us the neighbourhoods you're weighing and we'll price the financing for each against your actual file.
How many homes sell in Toronto in a month?
2,242 homes changed hands in Toronto in July 2026, per the TRREB Market Watch, July 2026. The average listing took 32 days to sell — that's the board's average LDOM, meaning days on the current listing rather than days across relistings. Sales volume matters to you for one practical reason: it tells you how much competition to expect, and therefore whether you can realistically keep a financing condition in your offer or will be pushed to waive it. Waiving one moves appraisal risk from the lender onto you. We'd rather you go in pre-approved and keep the condition.
What's the minimum down payment for a home in Toronto?
At Toronto's ~$1,010,836 average price, the legal minimum is $76,084 — 7.5%. It is tiered, not a flat 5%: 5% on the first $500,000 plus 10% on everything above that. This is the single most common budgeting error we see, because "5% minimum" is repeated everywhere and stops being true above $500,000. The default-insurance premium is then financed onto the mortgage rather than paid in cash. First-time buyers and new-build purchasers can also use a 30-year amortization on an insured mortgage, which lowers the payment your stress test is applied to. Run your own price band →
How much income do I need to buy a home in Toronto?
At Toronto's ~$1,010,836 average price with 20% down at a representative 5.04% 5-year fixed, you'd need roughly $189,000 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 $1,010,836. 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 4.09%, with variable around 3.55%. 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 clients choose Mortgage Squad
Five-star Google reviews from Canadians we’ve helped buy, renew, and refinance. Read them all on Google →
“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.”
