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Find Your Saskatchewan, Canada Mortgage Broker

The Best Saskatchewan Broker Near You

Saskatchewan Mortgage Trends and Broker Regulations

Mortgage brokers in the province are licensed by the Financial and Consumer Affairs Authority of Saskatchewan, which advocates for and protects the interests of local buyers. By licensing the profession, they help ensure that brokers have completed the appropriate educational requirements and are meeting the professional standards needed to foster a thriving, sustainable industry in the province.

Just over one million Canadians call this expansive prairie province home. Most of the population is concentrated in two cities — Saskatoon and Regina — while the rest of the residents are spread across small towns that have populations of 35,000 or less. The province is the single largest producer of Canadian grain, and historically much of the population has been employed in the agriculture industry. In recent years the economy has been diversifying, and industries like finance, real estate, mining, petroleum, education and social services have overtaken agriculture in terms of local economic activity (GDP).

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Frequently Asked Questions (FAQ)

Mortgage brokers match borrowers to lenders that meet their financial situation. They are financial professionals who work with banks, monoline lenders, investors and more.

A mortgage broker can help you access rates and lenders that aren't readily advertised to the market. They can shop the market for you without hurting your credit score with multiple checks.

They get paid through commissions by the lender. Commissions range from 0.5% to 2% of your full mortgage amount.

Mortgage brokers don't typically charge a fee as they are paid by the lender. However they may charge an additional fee if your financial circumstances are more complex than the typical borrower.

It's best to meet with a mortgage broker before you start shopping for a home. A broker can set a realistic expectation of what you can afford and give you a pre approval. Realtors are more likely to work with you if you have a pre approval as it narrows down the budget which you can afford.

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