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Big Banks are Slipping

In the once stable world of mortgage market share, the Big 6 banks have slipped on a banana peel. Their market share of new mortgage originations sank 590 bps to 53.8% in Q1 2023, according to new CMHC data. That starkly contrasts with their previous 62.0%, from just

Pine Makes Its Rate Move

Pine trees can be prickly. How appropriate because that's exactly what kind of competitor Pine Canada Financial Corporation ("Pine") is becoming. You'll notice in the rate table below, Pine has decided to emerge from the forest undergrowth and overtake every national lender in uninsured

Strive Unleashes Wave of New Mortgage Products

With cutthroat mortgage competition, plummeting insured volumes and margins so thin they'd starve a supermodel, it's been way more challenging to make money in insured lending. That and non-stop regulatory tightening have inspired mortgage finance companies to jump headfirst into the alternative lending pool. Strive is
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