"Pricing exceptions on every file are ridiculous. Special pricing has gotten out of control." That's what one of Canada's most successful mortgage brokers told us today.

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

For a while there, it seemed about as likely as finding a unicorn in a haystack, but now it's confirmed. Mortgage finance companies (MFCs) can accept uninsured straight switches qualified at the contract rate. One of the nation's largest MFCs, First National, announced the move on

💡The latest Amortization Simulator is now live, complete with the market's latest forward rate outlook. (Download here) As we approach the biggest mortgage renewal cycle ever, brokers are starting to question OSFI's recent stress test exemption on uninsured switches. It's looking suspiciously like a