Mortgages advanced increased 94% YoY, and repayments increased 746% YoY, in H1- 2021. As a result, mortgages and investments under management declined 13% YTD to $2.7B. Repayments were unusually high this year as several loans were extended last year due to the pandemic. Lending is expected to remain strong in H2-2021, driven by strong real estate markets in both Canada and the U.S.
This report is currently available to premium subscribers – Free subscribers will gain access on October 7th, 2021
Join as a FREE member and get our research report delivered straight to your inbox, with a seven-day delay