Why More Buyers are Choosing a Mortgage Broker

When it comes to getting a mortgage, many Canadians assume their first stop should be their bank. After all, it’s familiar—they’ve probably had an account there since high school. But when it comes to financing a home, that comfort can come at a cost.

Today’s homebuyers—especially first-time buyers—are looking for more than just a rate. They want flexibility, faster service, and personalized support. And that’s exactly why more buyers are choosing to work with a mortgage broker.

Mortgage Broker vs. Bank: What’s the Difference?

A mortgage broker is an independent professional who works on your behalf to find the best mortgage product from a variety of lenders. Banks, on the other hand, can only offer you their in-house mortgage options. That means you could be missing out on more competitive rates or more suitable terms elsewhere.

Buyers are catching on.

What Homebuyers Are Saying

I hear it all the time from clients who initially started their journey with a bank:
🗣 “The bank took days to get back to me.”
🗣 “I had to book an appointment just to ask a simple question.”
🗣 “I’ve been banking there since I was a kid—and I still felt like just a number.”

In a fast-moving real estate market, speed and responsiveness matter. You can’t afford to miss out on a property because you’re waiting for someone to return your call.

The Shift Toward Brokers: The Numbers Don’t Lie

According to the Canada Mortgage and Housing Corporation (CMHC), 57% of first-time homebuyers now use mortgage brokers, up from just 43% five years ago. That’s not just a trend—it’s a clear shift in how Canadians are choosing to navigate the mortgage process.

Why? Because brokers offer:

✅ More lender options
✅ Tailored advice based on your goals
✅ Flexible hours and communication (we text back!)
✅ Quicker turnaround times—which can make or break an offer in a competitive market

Why Working With a Broker Makes Sense

As a mortgage broker, I don’t work for a bank—I work for you. I shop multiple lenders, compare rates and terms, and guide you through the process with one goal: helping you make the smartest possible decision for your situation.

And when that perfect home hits the market? You’ll already be positioned to move fast—with a strategy that works for your budget and timeline.

The Bottom Line

If you’re a first-time homebuyer or looking to renew or refinance, don’t assume the bank is your only option. Working with a mortgage broker gives you access, insight, and an advocate who’s in your corner.

Let’s make your next move smoother, smarter, and 100% about you.
Reach out today to explore your mortgage options.