Latest in Mortgage News: Economic Slowdown Hitting Alternative Lenders Hard
The COVID pandemic has taken a toll on many aspects of Canada’s mortgage industry, but none more so than private lenders, which have seen a 26% decline in Ontario mortgage registrations.
According to Teranet, the province’s electronic land registry system, that decline follows a 45% drop in May and a 29% decline in April.
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: July 28, 2020