Research by Maritz Canada for CAAMP.
Looks like the number of people using mortgage brokers in Canada is on the rise. The research shows that in BC and AB the largest number of consumers are using Mortgage Brokers. The National average of mortgage broker deals is 23% of all mortgages,but in BC it is 27% and in AB 34%. These numbers a a complete flip from the US numbers where mortgage broker share if the industry dropped from a high of 65% to 15% from 2006 to 2009. I would have to think that the increase is due to the average persons busy schedule and the brokers ability to source multiple lending options for the borrower as well as meet them at times that fit their life.
http://www.financialpost.com/personal-finance/mortgage-centre/story.html?id=2455007
Comments (1)
Hi Steve. Not sure what further info you are looking for. Would love to pass it along too you though.