Last time in Ontario a lot of brokers did not bother to renew their licenses as the business is not very attractive for many. Despite of that fact there are a lot of brokers who are thriving and making money from this business.
CMP published a report that gives a debated insight. It is controversial because a lot of brokers do not submit their numbers to this survey. Still the report is fascinating as it gives us much valuable insight to the industry.
Brokers who funded more than $100 Million in 2011:
How long did it take for them?
Number of deals to surpass $100 million mark:
And for those looking for a mortgage broker, check out this guide: http://loanscanada.ca/mortgage/infographic-buying-a-house/