Alternative lending update: Business for self, We care attitude, Non-bank boom, More

Business (for Self) is booming

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11 August 2022

Business (for Self) is booming Community Trust's BFS program revs up as business owners adjust to hybrid operations 'The best time to plant a tree was 50 years ago; the next best time to plant a tree is today' Community Trust's revamped investment property program an attractive option for clients Have you downloaded the Community Trust Café app yet? Stay connected to your deals on-the-go and communicate with our mortgage advisors directly from your mobile device! Click to see more Community Trust Recent deal exemplifies Community Trust's "We Care" attitude As rates continue to climb, flexible program options are increasingly critical StatCan: Mortgage activity remains strong among non-bank lenders Trend builds on substantial annual increase in Canadian residential mortgage debt last year BoC rate increases upending mortgage market dynamics - experts Private lending is on the rise, while conventional products are slowing down The alternative segment and the current rate-rise environment "It's just going to push more and more borrowers into the alternative space as they struggle to qualify with the banks"

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