CMHC says 27% of Canadians use mortgage brokers, according to their latest mortgage consumer survey.

This number differs, however, from a recent CIMBL survey--which pegs the number at 31%.

More amazing was the finding that only 43% of mortgage seekers sought alternate proposals. The fact that this was not closer to 100% means that tens of thousands of people overpaid for their mortgage in 2006. CMHC also found that 71% of people refinanced before their mortgage term was up.

The number of people using mortgage brokers to shop for mortgage renewals jumped from 8% to 13% this past year.

The National Post had a few words about CMHC's survey as well. They noted that 81% of people renewed their mortgage with their existing lender. This was largely due to "convenience".

Moreover, many people seem to fear an onerous re-application process. That is a misconception since the renewal application process is actually a breeze if you let a mortgage broker do the legwork.

One of the major inroads for mortgage brokers was with "refi's." According to the National post, 65% of people stayed with their current lender when refinancing. This fell sharply from 83% the prior year, as brokers steered more and more clients into lower cost alternatives.