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.
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