The leaders lost ground in the broker channel last quarter. The top five lenders reportedly accounted for the lowest combined market share in two years.
Canada’s Big 5 banks lost 2.7 percentage points of market share in Ontario last year (according to Teranet). Their nationwide drop was likely similar, as
Whaddayaknow? Scotiabank’s #1…again. The broker channel’s most-used lender racked up even more market share in Q3, courtesy (in part) of Finance Canada’s competition-curbing mortgage insurance
Virtually every professional mortgage broker in Canada saw this coming. Once the Department of Finance eliminated popular default insurance products last fall and OSFI jacked
