Mortgage Broker Use Reaches Five-Year High

• Mortgage broker use reached a five-year high in 2025. 38% of recent Canadian homebuyers used a broker, up six percentage points from 2024.
• Among recent first-time buyers, broker use climbed to 48%, an increase of 10 percentage points.
• Other recent buyers reached 42%, while broker use in Quebec rose to 44%.
• 54% chose a broker to obtain a competitive mortgage rate, while 33% valued receiving multiple quotes.
• Nearly one-third wanted help understanding their mortgage choices and the application process.
• 26% valued lender recommendations, while 25% valued help with paperwork.
• First-time buyers especially wanted guidance: 40% cited help understanding their options or the mortgage process.
• Satisfaction was strong: 83% would recommend their broker, and 72% would use a broker again.
• The findings came from a Mortgage Professionals Canada survey of nearly 2,000 Canadians conducted in February 2026.

Source: Canadian Mortgage Trends