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Review Keywords Analysis

  1. Canada
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Ontario
  4. Toronto
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Toronto, ON

How much house can you afford in Toronto? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · 2026 stress test and CMHC rules

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax and rules are for this province.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Toronto

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Paul Meredith Team

Verified

Known for their clear communication and fast responses, the Paul Meredith Team helps clients navigate mortgages with confidence. They offer mortgage approvals, renewals, and tailored advice, often guiding first-time buyers through the process. Clients appreciate their professionalism and straightforward approach, though some note minor delays when resolving lender issues.

Services & Prices
Mortgage Renewal Assistance, Custom Mortgage Rate Comparison)
Pre-Approval Services, Full Application Submission, Negotiation with Lenders)
Closing Cost Analysis, Application for New Lender)
View Profile
(647) 368-5009
Open 10:00 AM - 6:00 PM
110 Sheppard Ave E #640, Toronto, ON M2N 6Y8, Canada
General Services
Mortgage Brokerage
2

Diverse Mortgage Group

Verified

Experience the best mortgage solutions in Canada with Diverse Mortgage Group. Whether you're looking for a residential or commercial mortgage, our expert mortgage brokers offer trusted, personalized services designed to help you achieve your financial goals.

View Profile
(437) 561-0374
Open 8:00 AM - 8:00 PM
155 Mostar St Unit 13, Whitchurch-Stouffville, ON L4A 0Y2, Canada
3

MonsterMortgage.ca

With over 25 years of experience helping Canadians navigate mortgages beyond what banks typically share, MonsterMortgage.ca offers guidance on home purchases, refinancing, and HELOCs. Customers appreciate the team’s transparency, clear explanations, and willingness to answer questions throughout sometimes lengthy processes.

Services & Prices
First-Time Homebuyer Assistance Free Consultation
Refinancing Assistance Free Consultation
Debt Consolidation Mortgages Free Consultation
Rate Locking Service Free Consultation
View Profile
(647) 560-2473
Open 00:00 - 23:59
2300 Yonge St Ste 3002,Toronto, ON M4P 1E4
General Services
Mortgage Services
4

Ratehub.ca

Known for its in-house mortgage brokerage integrated with a comprehensive online comparison platform, Ratehub.ca offers tools and advice for mortgages, insurance, and banking products. Customers appreciate the team’s responsiveness and clear guidance throughout sometimes complex processes, though switching lenders can still be a bit challenging.

Services & Prices
Mortgage Pre-Approval Free Consultation
Mortgage Renewal Free Consultation
Mortgage Refinancing Advisory Free Consultation
Home Equity Line of Credit Setup Free Consultation
View Profile
(647) 427-7375
Open 8:30 AM - 7:00 PM
100 University Ave 5th Floor,Toronto, ON M5J 1V6
General Services
Mortgage Services
5

Tridac Mortgage

Tridac Mortgage has been guiding Canadian borrowers through mortgage decisions since 1977, focusing on long-term relationships and customized lending solutions. The team assists with home purchases, refinancing, and debt reduction, earning praise for clear communication, patience, and professionalism. Some clients note the process requires patience, but many appreciate the steady support… more...

Tridac Mortgage has been guiding Canadian borrowers through mortgage decisions since 1977, focusing on long-term relationships and customized lending solutions. The team assists with home purchases, refinancing, and debt reduction, earning praise for clear communication, patience, and professionalism. Some clients note the process requires patience, but many appreciate the steady support throughout.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Mortgage Refinance Free Consultation
Mortgage Pre-Approval Free Consultation
View Profile
(416) 461-0204
Open 9:00 AM - 5:00 PM
760 Pape Ave,Toronto, ON M4K 3T2
General Services
Mortgage Financing
Where they are 10 on the map Click a pin for the profile and directions
6

Mortgages.ca

Mortgages.ca offers mortgage services focused on securing the best rates and terms while saving clients time and stress. The team assists with purchases and renovations, guiding clients through complex financing with clear communication and prompt responses. Some clients note occasional limitations with certain mortgage scenarios but appreciate the helpful referrals provided.

Services & Prices
First Time Home Buyer Assistance Free Consultation
Mortgage Refinance Free Consultation
Bridge Loans Free Consultation
View Profile
(647) 795-8700
Open 9:00 AM - 6:00 PM
145 Front St E #305, Toronto, ON M5A 1E1, Canada
General Services
Mortgage Services
7

Mortgage for Less

Mortgage for Less works with multiple lenders at once, allowing clients to explore a broad range of mortgage options without multiple credit checks that could affect their score. The team handles the entire home loan process online, including home renovation loans, and is known for clear explanations and responsive support throughout the process. Some customers note the experience can feel very… more...

Mortgage for Less works with multiple lenders at once, allowing clients to explore a broad range of mortgage options without multiple credit checks that could affect their score. The team handles the entire home loan process online, including home renovation loans, and is known for clear explanations and responsive support throughout the process. Some customers note the experience can feel very personalized, especially for first-time buyers.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Mortgage Renewals Free Consultation
Mortgage Refinancing Free Consultation
View Profile
(416) 637-7769
Open 9:00 AM - 9:00 PM
120 Eglinton Ave E #500, Toronto, ON M4P 1H4, Canada
General Services
Mortgage Services
8

True North Mortgage

True North Mortgage specializes in securing competitive mortgage rates for clients with good credit by working with multiple lenders and passing on volume discounts. Their team offers support online, in person, or by phone, guiding clients through the mortgage process with clear communication and thorough explanations. Some clients note occasional delays but appreciate the team's knowledge and… more...

True North Mortgage specializes in securing competitive mortgage rates for clients with good credit by working with multiple lenders and passing on volume discounts. Their team offers support online, in person, or by phone, guiding clients through the mortgage process with clear communication and thorough explanations. Some clients note occasional delays but appreciate the team's knowledge and responsiveness.

Services & Prices
Mortgage Refinance Free Consultation
Pre-Approval Services Free Consultation
Debt Consolidation Free Consultation
Home Renovation Loans Free Consultation
View Profile
(416) 504-8355
Open 9:00 AM - 5:00 PM
120 Adelaide St W, Toronto, ON M5H 1P9, Canada
General Services
Mortgage Brokerage
9

Citadel Mortgages

Citadel Mortgages focuses on educating clients about their mortgage options and strategies to reduce debt sooner. Their team assists with home purchases and refinancing through a comprehensive program designed to address various mortgage needs. Customers often highlight the agents’ professionalism and supportive guidance throughout the process.

Services & Prices
Mortgage Pre-Approval Free Consultation
Mortgage Refinancing Free Consultation
Mortgage Approval Free Consultation
View Profile
(866) 600-8762
Open 9:00 AM - 9:00 PM
150 King St W 2nd Floor Suite 335, Toronto, ON M5H 1J9, Canada
General Services
Mortgage Services
10

Cannect Home Equity Loans

Cannect specializes in providing low-interest home equity loans with flexible terms, regardless of credit score or income. Their team works closely with clients to avoid mortgage penalties and offers quick approvals through online or in-home services. Customers appreciate the transparent communication and support throughout the lending process.

Services & Prices
First-Time Home Buyer Mortgages Free Consultation
Mortgage Refinancing Free Consultation
Investment Property Mortgages Free Consultation
Personal Loans Free Consultation
View Profile
(416) 214-9000
Open 9:00 AM - 7:00 PM
1006 King St W, Toronto, ON M6K 3N2, Canada
General Services
Mortgage Brokerage

Latest reviews of Toronto Mortgage Brokers

Written on TrustAnalytica by clients of the businesses in this list
  • Robert

    Service Poor as a hell for getting help for private mortgage. No communication no service and basic w mortgage information. Horrible and still no results after 4 weeks. Good luck.

  • George

    My experience with Cannect was exceptionally positive. I need to change lenders for several reasons. I connected with Joe Lorefice as the broker at Cannect who assumed me as a client. He was outstanding with respect to all my criteria. I wanted transparent and timely communication on this matter. He…

  • Donna

    My name is Donna Schmidt and I am writing to bring attention to one of the online profiles of an agent employed at Citadel in Toronto - Amanda Swartz - #License#M23005267 My mother in law passed away at the end of November and my husband and I have decided that using the money to invest in propertie…

  • Dennis

    Very pleasant dealing with Nick earlier this afternoon. Even though my mortgage renewal wasn't a good fit this time around, he took the time to outline my options and advise me on various aspects. Very professional. Thanks Nick!

  • Nicole

    Kaunain was excellent throughout my whole morgage process. Quick to reply to any questions i had or help that i needed. I found he went above and beyond. Switching lenders is very frustrating and Kaunain helped make it a lot easier. Thankyou

    About Ratehub.ca
Toronto Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Paul Meredith Team 5.0 100 — (647) 368-5009 Visit
2 Diverse Mortgage Group 1.0 1 — (437) 561-0374 Visit
3 MonsterMortgage.ca 4.8 336 Free Consultation (647) 560-2473 Visit
4 Ratehub.ca 5.0 106 Free Consultation (647) 427-7375 Visit
5 Tridac Mortgage 5.0 100 Free Consultation (416) 461-0204 Visit
6 Mortgages.ca 5.0 100 Free Consultation (647) 795-8700 Visit
7 Mortgage for Less 5.0 100 Free Consultation (416) 637-7769 Visit
8 True North Mortgage 4.9 100 Free Consultation (416) 504-8355 Visit
9 Citadel Mortgages 4.7 88 Free Consultation (866) 600-8762 Visit
10 Cannect Home Equity Loans 4.9 53 Free Consultation (416) 214-9000 Visit

How this Toronto mortgage affordability calculator works

Lenders approve a mortgage when two ratios stay under their limits. Housing costs (mortgage payment, property tax and heating) must be no more than 39% of your gross income, and housing costs plus your other debt payments no more than 44%. The payment is tested at the qualifying rate, not your actual rate. The calculator finds the highest home price that passes both tests and the minimum down payment rules, and adds CMHC insurance to the loan when you put down less than 20%.

Ontario rules and numbers this calculator uses

Stress test
You must qualify at the higher of your rate plus 2% or 5.25% (OSFI and federal insured-mortgage rules).
Debt limits
Housing costs up to 39% of gross income (GDS) and all debts up to 44% (TDS), the CMHC maximums. CMHC also needs a credit score of at least 600.
Minimum down payment
5% of the first $500,000 and 10% of the part above it. Homes priced at $1.5 million or more need 20% down and cannot be insured.
Mortgage insurance
Under 20% down, a CMHC premium is added to the loan: 2.80% of the loan at 15–19.99% down, 3.10% at 10–14.99% and 4.00% at 5–9.99%, plus 0.20% for a 30-year amortization.
Amortization
First-time buyers and buyers of new builds can take 30 years on an insured mortgage; others are tested at 25 years.
Property tax
About 0.75% of the home's value a year (Toronto, 2025), plus $100 a month for heating.
Rate
Starts at 4.49% (a typical 5-year fixed, October 2026). Change it to the rate you have been offered.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: CMHC homeowner mortgage loan insurance requirements and premiums, Finance Canada mortgage reforms effective December 15, 2024, OSFI minimum qualifying rate, 2025 municipal residential tax rates.

Frequently asked questions

8 questions
How does the mortgage affordability calculator work?
It estimates the highest home price you can qualify for based on income, debts, down payment, and interest rate. It includes CMHC insurance and property tax.
What is the stress test for mortgages in Ontario?
You must qualify at the higher of your contract rate plus 2% or 5.25%.
How do GDS and TDS affect my mortgage in Toronto?
GDS limits housing costs to 39% of gross income, and TDS limits all debts to 44%, both at the qualifying rate.
Can first-time buyers get a 30-year mortgage in Toronto?
Yes, first-time buyers and buyers of new homes can get a 30-year amortization on an insured mortgage.
How do debts impact my mortgage amount?
Higher monthly debts reduce the mortgage amount you can qualify for, as they count towards your TDS ratio.
What are property taxes like in Toronto?
Property tax is about 0.75% of the home's value annually, based on the 2025 municipal rate.
What's the difference between pre-approval and pre-qualification?
Pre-approval confirms your mortgage amount after verifying income, debts, and credit. Pre-qualification is an initial estimate.
How much house can I afford on a $100k salary in Ontario?
The calculator uses your income, debts, and down payment to estimate affordability. Exact amounts depend on your specific financial details.

General information, not financial advice — consult a qualified professional.