Real Estate
Private Lenders Demand Delinquent Canadian Homeowners Pay Up
- Mortgage investment firms are seeing more owners in distress
- ‘There’s a lot of soft power-of-sales taking place’: broker
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Canadian homeowners grappling with swelling mortgage costs have become such a significant issue that the government of Prime Minister Justin Trudeau is urging banks to go easy on them.
Nick Kyprianou, the chief executive officer of RiverRock Mortgage Investment Corp., is taking more of a tough-love approach.