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…
Tag: Private. Alternative
Non-bank lenders see spikes in mortgage arrears rate
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…
Self-employed Canadians want homes of their own – private lenders can help
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…