How Much Do Mortgage Brokers Actually Make In Canada?

How much do mortgage brokers make in Canada? Well indeed.ca will tell you they make $81,048 per year on average. But what do they actually take home?
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It is a common misconception that mortgage brokers make big money, but it isn't necessarily true. There are a lot of expenses that come along with being a mortgage broker. The main two are marketing expenses and general business expenses that take up half of a brokers income right out of the gate. In this video I discuss how much mortgage brokers actually make, and how that effects the interest rate that you pay.

The presenter has taken great care in preparing
this video, however makes no representations or warranties with
respect to the accuracy or completeness of its content. The contents
of this video should not be considered a substitute for
professional financial advice. Please consult a financial professional
before implementing any of the strategies described in
this video. The presenter shall not be held liable
for any loss of profit or any other financial damages, including
but not limited to special, consequential, incidental, or other
damages.

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