Homebuyers turn to alternative lenders for mortgages as rising rates make qualifying harder

Canadian homeowners are increasingly turning to alternative and private lenders as rising interest rates make it harder to qualify for a mortgage from a bank, new data show. The total value of outstanding loans from credit unions, mortgage investment corporations and other private lenders reached…

#statisticscanadas #nonbank #bankofcanada #davidsteinfeld #stonefieldmortgage #samanthabrookes #mortgagesofcanada #statscan #sharonmarcellus #ltv