The report contains more mortgage data than virtually any other in Canada. Its data tells an intriguing story of the year that’s about to pass.

Here are some key statistics from the survey: • Brokers currently hold 28% market share in Canada – up 3% in just one year

• 40% of all new mortgages were obtained through a mortgage broker

• 44% of consumers surveyed have a good understanding of what mortgage brokers do – up from 33% three years ago

• Top 5 Reasons for Using a Broker: best rate, multiple quotes, research expertise, help understanding options & process, and paperwork.

• 54% very satisfied with rate provided by a broker, while only 43% satisfied with rate provided by a bank

• 41% say they want multiple quotes from a broker, yet only 57% of broker clients report receiving more than one quote

• Top 5 Reasons They Didn’t Use a Broker: easier to deal directly with a lender, don’t want to pay for a broker’s service, don’t want to work with an unfamiliar lender, didn’t think about it, and don’t want to switch lenders