Latest in Mortgage News: Economic Slowdown Hitting Alternative Lenders Hard

Author: ExternaL AuthorR | | Categories: Bad Credit Mortgage , First Time Home Buyer , Home Mortgage Purchase , Mortgage Broker , Mortgage For Purchase , Mortgage Pre Approval , Mortgage Pre-Approvals , Mortgage Refinance , Mortgage Renewal , Mortgage Services , Mortgage Solutions , Mortgage Specialist , Self Employed Mortgage

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.

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Original Article Source Credits: CANADIAN MORTGAGE TRENDS ,

Article Written By: Steve Huebl

Original Article Posted on: July 28, 2020

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