Big banks are the apex predators in Canada's mortgage jungle. They sit atop the food chain with the reach and funding to overpower smaller species. At yesterday's RBC Capital Markets Bank CEO Conference, these financial carnivores roared their intentions, some foreshadowing aggressive pricing strategies to amass market share.
Mainstream media covered RBC's event from its usual 30,000-foot perspective, but in this report, we'll dive deeper. We'll explore what matters most to smaller lenders and brokers, the tenacious underdogs of this ecosystem.
We'll also examine the fresh mortgage insights shared yesterday by OSFI chief Peter Routledge — because, in finance, nothing says 'intrigue' like regulatory updates.
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