The correct answer to the no money down mortgage in BC is: not anymore. The program was designed to help younger generations get in to the housing market. Which made sense. What didn`t make sense it that they were offering this type of zero down 40 year mortgage to the older generation who where more than likely going to default on their mortgage.

Mortgage brokers make what varying amounts.Typically they make .75% of the mortgage amount. On a refinance the typical referral fee is $1200-1500. With housing prices between $300-400,000 referral fees are in the $2500-$3000 range.