When Smith Financial bought out Home Capital, it necessitated that Home lose its precious NHA mortgage-backed securities (MBS) and Canada Mortgage Bond (CMB) allocations—i.e., the ability to fund its mortgages through MBS and CMBs. That was a crushing blow to Home's prime mortgage competitiveness. After all, the spread

Credit unions are an afterthought for many Canadians. Yet, CUs are critical to the mortgage ecosystem because they compete in ways that banks don't.

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 a big