Most Canadians favoured banks over brokers to obtain mortgages on their primary residences last year.
What do homebuyers prefer – banks or mortgage brokers?
MPC’s annual report on the state of the residential mortgage market revealed that about 6.08 million of the overall 10.01 million owner-occupied dwellings in Canada had mortgages at the end of 2020 – and among buyers who purchased homes in 2020, 54% of mortgages were obtained from banks, 40% fro…