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Private Mortgage Refinancing in Toronto Jumps 67% from 2016

Posted by Sherwood Mortgage Group on 5 November 2018
Private Mortgage Refinancing in Toronto Jumps 67% from 2016

20% of mortgage refinancing in the Toronto area in the second quarter of 2018 was provided by private mortgage lenders, according to Bloomberg News' Natalie Wong.

A 67% jump from the first quarter of 2016, this rise shows the impact of higher interest rates and lending standards on Canadians in their 30s-40s, who accounted for almost half of all private mortgage transactions.

To learn more, read the full article at business.financialpost.com.

Author: Sherwood Mortgage Group
Tags: News