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Nonbank mortgages are on the rise in Canada. So are overdue debts.

Two-thirds of nonbank mortgage debt is uninsured
CoStar Analytics
December 10, 2024 | 10:44 P.M.

In recent years, nonbank lenders have become a force in the Canadian mortgage market. These lenders, which include private lenders, mortgage investment corporations and credit unions, have grown in prominence by offering borrowers more flexible lending solutions than traditional banks.

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