There was a time, not too long ago, when mortgage investment corporations (MICs) and other private lenders were viewed as shadowy presences haunting the outer fringes of the mortgage industry, waiting to swoop in and take advantage of desperate borrowers by plying them with solutions whose mechanics (and fee structures) they couldn’t understand. Using a [&hellip…
Canada’s non-bank lending sector has seen its mortgages in arrears (over 90 days) spike by 20.13% annually, data from Statistics Canada showed. Non-bank lenders reported 4,392 mortgages in arrears in this category as of Q2, with a total balance of $1.08 billion (up 31.81% year over year). This accounted for 0.26% of non-bank lenders’ total [&hellip…
The nature of work is changing. Putting in 30 years at a single company and then easing into retirement with a golden handshake is, for many Canadians, a quaint, old-fashioned notion that may have applied to their parents or grandparents, but not to themselves. With a growing number of companies unwilling to offer full-time work, [&hellip…
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