Alternative lenders increase share of slowing Canadian mortgage market: CMHC

7/17/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government ... More

Tags: Alternative Lenders, Canadian Mortgage Market, CMHC, Home Buyers, Mortgage Consumers, Mortgage Industry, Mortgage Market, Mortgage Trends, Mortgages & Real Estate, Private Lenders

Self-employed increasingly turning to private lenders for mortgages

4/25/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage. ... More

Tags: Canada, Home Buyers, Mortgage Consumers, Mortgages & Real Estate, Private Lenders, Self Employed

Mortgage stress test is helping fuel alternative lending boom

4/16/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage. ... More

Tags: Canada Real Estate, Canadian Housing Market, First Time Home Buyer Incentive, Home Buyers, Mortgage Consumers, Mortgages & Real Estate, Private Lenders, Stress Test, Uninsured Mortgages

The reason behind 40% of Ontarian insolvencies

2/20/2019 | Posted in Ontario News by Jessi Sandhu

A recent report reveals desperate measures of indebted consumers in Ontario. ... More

Tags: Household Debt, NonMortgage Debt, Ontario, Personal Finance, Private Lenders

Morneau not considering extending mortgage stress test to cover more lenders

1/30/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

News report had claimed Finance Minister was thinking about expanding rules, but he says he's not ... More

Tags: Home Buyers, Private Lenders, Stress Test

Canada mulls measures to curb private lenders' growth

1/25/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders' rapid ... More

Tags: Mortgage Consumers, Mortgages & Real Estate, Private Lenders, Stress Test

Private lending becomes new normal

6/12/2018 | Posted in Home Buyers by Jessi Sandhu

Private lenders have doubled their share of Canadian mortgages since 2015. ... More

Tags: Condo Buyers, First Time Home Buyers, Home Buyers, Mortgage Trends, Mortgages & Real Estate, Private Lenders, Uninsured Mortgages