CMP crowns this year's best mortgage brokerages

The awardees represent a new sterling standard for the industry as a whole

CMP crowns this year's best mortgage brokerages

Amid a turbulent national market characterized by the multiple impacts of the B-20 regulatory regime, Canadian Mortgage Professional has released its list of Top Brokerages for 2019.

“Mortgage industry professionals have had to navigate plenty of obstacles in 2019. Yet brokers from all over the country have found ways to channel their expertise and carve out new paths in the residential, commercial and alternative markets, helping a wide range of buyers navigate the mortgage process,” CMP stated.

A clear majority of these industry leaders were unsurprisingly located in the hottest markets. Fully 53% of this year’s awardees came from Ontario, while 30% were operating in British Columbia.

Networks also proved central to the success of these high performers, with luminaries such as DLC, Verico, and Mortgage Alliance being amply represented. Several independent brokerages have also made their mark this year, as well.

A common thread among these top brokerages is longevity, with the average age in business being 12 years. The awardees also tended to be medium-sized operations, with the average number of agents per brokerage at 39 professionals.

The full line-up of this year’s foremost market players can be viewed at issue 14.10 of Canadian Mortgage Professional, available now in print and online.