While overall Canadian property sales volume has declined over the last few years, one segment that has experienced growth is vendor take-back mortgages or VTBs. In 2023, VTBs accounted for $3.5 billion in transactions, a significant increase from 2021, when they accounted for just $767 million in sales.
CoStar Insikt
Vendor Take-Back Mortgages Increase as Buyers Face Limited Financing Options
More VTB Transactions Took Place in the First Few Months of 2024 Than in All of 2021
CoStar Analytics
May 30, 2024 | 9:20 P.M.
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