Jeff Gingerich › Government of Canada Takes Action to Strengthen Housing Financing › Blog › First-time Buyers Increase Their Use of Mortgage Brokers

Constantine Isslamow

Broker of Record

United Realty Inc., Brokerage*

387 George Street South , Po Box 178

Peterborough, ONK9J 6Y8

constantine.isslamow@century21.ca
Office: 705-743-4444
Office Fax: 705-743-9606
Connected To More
Signed in as . Sign Out.
Subscribe

First-time Buyers Increase Their Use of Mortgage Brokers

Survey results show that during the past twelve months about one-quarter of all mortgage transactions were arranged through the mortgage broker channel. Most notably, broker share among first-time buyers has increased to 44%, up from 35% in 2007. Among other market segments broker share has remained stable. In particular, broker share among those renewing their mortgage continues be relatively stable at 12%.

Demographically, brokers tend to do better among younger purchasers aged 25 to 34 years (42% share), and female purchasers (43% share).

I hope you find this information useful.  Thanks for stopping by.

Constantine Isslamow

Broker/Manager

Source: CMHC

 

Posted by Constantine Isslamow on June 18, 2009
Tags: Century 21 Peterborough Certified Mentor Local Experts Peterborough Masters Edge Mortgage Broker Peterborough Mortgage Broker
Subscribe