Broker fees are the commissions or charges paid to a mortgage broker for arranging financing on behalf of a borrower, typically ranging from 0.5% to 2% of the loan amount in Canada, though they may be higher for complex or private lending arrangements. For real estate investors, these fees are a tax-deductible financing cost and are especially common when securing non-traditional mortgages for investment properties that may not qualify through standard lender channels.
Related Articles
- How to Choose a Mortgage Broker for Investment Properties in Canada
Not all mortgage brokers understand investment properties. Learn what investor-focused brokers do differently, what questions to ask, and how to avoid costly mistakes when choosing your broker.
- Private Mortgage Rates Canada: Get 5.99%, Not 12%
Smart borrowers get private mortgage rates at 5.99% instead of 12% in Canada. Real strategies, rate comparisons, and the exit plan most brokers skip.