Your ***k is Not Your Friend.
It's Your Landlord.
If you think you're "loyal" to your bank, realize they are charging you a Loyalty Tax every single month. With new OSFI rules, they can no longer hold you hostage.
The "Hostage" Era is Over
Until recently, banks knew that if you wanted to leave, you’d have to "re-qualify" at the Stress Test rate (Contract + 2%). They used this fear to keep you at rates 0.50% higher than the market. That ends now. As of November 21, uninsured mortgage switches no longer require a stress test. You can walk out the front door and take your equity with you. If you stay, you are voluntarily overpaying the bank's executive bonuses.
The $0 Cost Move
In a competitive market, wholesale lenders will pay your appraisal and legal fees just to win your business. Moving is literally free.
No Stress Test
If your mortgage is uninsured, you can now switch lenders based on your actual payment capacity, not a fake government hurdle.
The "Transfer" Advantage
A "Transfer" keeps your existing amortization and balance but swaps the engine (the rate). It is the fastest way to drop your monthly overhead by $200–$500 without spending a dime. We access the institutional lenders—the ones who don't have billion-dollar marketing budgets—and pass those savings directly to your bottom line.