What you need to know about alternative mortgage lenders in Canada

In this article, we will explore how alternative lenders work, the kind of loans they offer and when you should choose an alternative lender for your mortgage.

What you need to know about alternative mortgage lenders in Canada

Despite the fact that the big banks represent the largest volume of mortgage lending in Canada, they are far from your only option. If you have been denied a mortgage from one of Canada's major lenders or are simply looking for different options, there are many other lenders who may be willing to wo…

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Household Debt Ratio in Canada Climbs on Renewed Borrowing

The ratio of household debt to disposable income rebounded in the third quarter as borrowing increased, while a key metric of financial pressure also ticked back up.

Household Debt Ratio in Canada Climbs on Renewed Borrowing

Household credit market debt rose to 170.7% of disposable income on a seasonably adjusted basis in the third quarter, from a revised 162.8% previously, Statistics Canada said Friday in Ottawa. That’s after mortgage borrowing rose to a new high, while household disposable income decreased, the agen…

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Mortgage Professionals Canada survey finds homeowner sentiment unchanged by pandemic concerns

Ninety percent of homeowners said they are happy with their decision to purchase a home.

Mortgage Professionals Canada survey finds homeowner sentiment unchanged by pandemic concerns

MPC’s report, written by chief economist Will Dunning, was based on a survey of 1,000 Canadians – 701 of which were homeowners with mortgages – conducted between September 25 and October 8, a time when fears over the coronavirus’ renewed impact on the Canadian economy were once again intensi…

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CMHC reports annual pace of housing starts in Canada picked up in August

The six-month moving average of the monthly seasonally adjusted annual rates of housing starts rose to 213,144 in August, up from 204,597 in July.

CMHC reports annual pace of housing starts in Canada picked up in August

The increase came as the annual pace of urban starts increased 7.1 per cent in August to 248,154. The pace of urban starts of apartments, condos and other types of multiple-unit housing projects climbed 9.1 per cent to 201,214 units, while single-detached urban starts fell 1.0 per cent to 46,940.

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