Canadian Mortgage Brokers Have “Riskier” Clients, Exploited For More Profit: BoC

Canada’s central bank’s latest research paper has mortgage brokers in its crosshairs. The Bank of Canada (BoC) just released a staff paper on mortgage intermediaries (brokers). In the working paper titled the Role of Intermediaries in Selection Markets: Evidence From Mortgage Lending, they compare broker-client outcomes to branch borrowers. The researchers found that broker-clients are […]

This Week’s Top Stories: Most of Canada’s New Housing Is Investor-Owned, Reverse Mortgages Soar

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Investors Concentrated On Buying Newer, More Affordable Supply Canadian real estate investors are concentrated in newer, more affordable housing supply. For example, investors own under a quarter (24%) of all of  Ontario’s housing. But the concentration is skewed to […]