Friday, November 22, 2013

Alternative mortgage lenders get boost from Canada’s resilient housing market

Shares of 3 of Canada's biggest alternative mortgage lenders look set to rise over the next year because of ongoing resiliency of the country's housing market.
“Alt-A lenders should continue to see enviable growth,” said Shubha Khan, an analyst at National Bank Financial. “We believe that near-term housing market risks have moderated, particularly in view of more dovish comments on interest rate policy from the Bank of Canada.”

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