Canadians are taking a not-insignificant risk when they go for alternative lending, industry player argues
The institution reached its highest Canadian lending market share so far
Analysis grants company a “buy” recommendation, with shares valued at around $25 each
This helped offset a considerable decline in prime mortgage volumes
On the other hand, overall delinquencies have slightly declined
This comes as the Big Five banks' market share of Ontario’s mortgages continues to fall
The 10-year fixed mortgage is not a product for which Canadians feel any particular affinity, but there’s a very good chance it will gain popularity
B-20 has spurred much improvement in alternative loan providers’ accessibility and services
MERIX Financial’s interest-only mortgage, introduced a year ago, is taking the broker channel by storm because of how neatly it fits into borrowers’ financial lives
The share of non-bank lenders’ contributions to national mortgage volume is growing
Issues with consumer-backed assets are becoming more commonplace