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

Policymakers have waged a two-pronged attack on fixed-payment variable-rate mortgages. Last week, the BoC's Senior Deputy Governor Carolyn Rodgers came out swinging, telling Bloomberg: “I think you’ll see the industry reflect on how much they want to offer that product. It is concerning. You don’t want

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

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