Today the Canadian Mortgage and Housing Corporation (CMHC) released their2015 Mortgage Consumer Survey.

LOTS of great information but here are   some key stats which once again shows that the majority of first-time buyers in Canada are now using mortgage brokers!

Mortgage Broker Market Share by Segment:

• Homebuyers (first-time and repeat) (49%) are two times more likely to use the services of a broker than are homeowners (renewing or refinancing) (24%).

• Mortgage broker market share is trending upwards for most market segments. This is particularly evident among repeat buyers where broker market share has increased from 32% in 2012 to 42% in 2015.

• Among first-time buyers, broker market share has reached 55% compared to 48% in 2014.

• Broker share among renewers has remained stable at around 21%.

To read the complete CMHC survey, click HERE.

If the above trend continues, watch for these numbers to GROW another 10 to 20 percentage points over the next three years. This is INCREDIBLE!