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Canadian Private Mortgage Lending 101

Canadian Private Mortgage Lending 101

With a prime or conventional lender(ie. one of the major Canadian banks), the mortgage broker is paid a commission directly from the lender once the mortgage is all setup and approved. When using a private lender, you (the borrower) pay the mortgage …
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Average non-mortgage debt grows on West Coast, declines in rest of Canada

While the rest of the country is paying off their non-mortgage debt at a pace not seen in nearly a decade, B.C. continues to buck the trend, adding on more debt. TransUnion's analysis shows that on the West Coast, the average adult's personal debt has …
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CMHC names Douglas Stewart as interim president and CEO

Canada Mortgage and Housing Corp. named Douglas Stewart as interim president and chief executive effective June 17. Topics : CMHC , Douglas Stewart , Office of the Superintendent of Financial Institutions. Stewart has held several senior positions with …
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