Blog And Articles

Private Mortgage Lending In The GTA Infographic

Dean Collins

31 Jul 2019 Private Mortgages

Inforgraphic examining private mortgage lending trends in Toronto

Since the Canadian government implemented tougher “stress tests” on residential mortgages, obtaining traditional financing from Canadian banks has become more challenging for many home buyers. Overall, Canadian home buyers have seen their borrowing capacity decrease by approximately 20%. Private mortgage lenders are exempt from the new stress tests, providing a strong second option for those who have been denied financing by banks.

Start your Rateco mortgage application now!