Who regulates mortgage brokers in Manitoba?
The Mortgage Brokers Act. The Manitoba Financial Services Agency registers mortgage brokers, restricted mortgage brokers and mortgage salespeople, and the public can check the register at rols.mb.ca.
For mortgage broker marketing, the practical rules are two. Advertise under the name on your certificate of registration, and keep ads from being misleading or deceptive. The Act has a misleading advertising provision, so no promised rates, no promised approvals, no "guaranteed". We write ads to that standard.
What is different about a Manitoba closing?
Manitoba charges a land transfer tax on the purchase price, collected when the transfer is registered at the Property Registry.
It is tiered, so a buyer cannot guess it from a single percentage, and a lead who budgets only for the down payment can be surprised. Tell borrowers to look up the current schedule early. We do not quote the rates here because they are the first thing to go stale.
Where do the leads come from?
Winnipeg is the main market, and Brandon is the second city. The rest is rural.
We run city-level campaigns so each report shows where the inquiries came from. A broker who works Winnipeg and Brandon can run both at once, with the city named in the ad. Get them through a managed Facebook and Instagram campaign, a Google campaign for people already searching, or pay per lead.
Is farm and rural lending part of the picture?
Yes, outside Winnipeg it often is.
A homeowner on an acreage, a farm family buying land or a grain operation financing a building is a different borrower from a condo buyer. See farm mortgage leads, land and construction leads and cottage mortgage leads for lake and recreational properties.
Which lead types should a Manitoba broker start with?
Purchase and renewal. Add the rest once those are steady.
Start with purchase leads and mortgage renewal leads. Then consider refinance leads, newcomer mortgage leads and self-employed mortgage leads. The enforcement process on a defaulted mortgage in Manitoba differs from Ontario's power of sale, so we do not point Manitoba brokers to that page.
What do I do next?
Book a call and tell us which city and which borrowers.
See how it works or book a free strategy call. You can also browse every province we cover. The company behind this site is Amplify Leads, month to month with no long contracts.
