Lender enters reverse mortgage market, FSRA's agent crackdown, Fisgard acquired, More

View in browser A major lender just entered Canada's reverse mortgage space View web version | Forward to a colleague 20 October 2025 Top News A major lender just entered Canada's reverse mortgage space Lending giant shakes up the market FSRA hits two former mortgage agents with penalties totalling $230k over fraud, misconduct Ontario regulator cited reckless conduct, unverified claims, and major investor losses Earn more with simple, fast, low-fee housing loans New and existing financing, LTV up to 75%, stated income, no credit minimum, and set your own fee. Learn more VWR Capital Corp. Neighbourhood Holdings acquires Fisgard Huge deal brings two leading Canadian alt-lenders together Don't expect a housing boom anytime soon, says RBC RBC's Robert Hogue warned of a slow, uneven recovery for Canada's housing market Scaling housing sector 'critical' to tackling crisis: CMHC Canada's housing sector must scale up to modernize and meet demand, CMHC analysis found Scotiabank to lay off more staff across Canada Banking giant bids to streamline costs, strengthen profitability Macklem still sees soft labour market despite surprise jobs growth Central bank chief highlights a jump in unemployment since the beginning of the year International News Former mortgage adviser dubbed 'Queen of the Con' to be jailed, deported to US Fraudster swindled huge sums from victims while working in the mortgage industry As UWM, Rocket build momentum, analyst wonders 'what about everybody else?' Smaller lenders will have to build relationships to compete against well-oiled machines "Something hasn't gelled" – business confidence still sliding Despite more competition for business lending among the banks, momentum is still stubbornly slow First-home buyers surge under broadened deposit scheme Expanding access fuels optimism – and concern – among lenders Want to change how you receive these emails? You can manage your preferences or unsubscribe. © 2025 KM Business Information Canada Ltd. 317 Adelaide Street West, Toronto, ON Privacy | Conditions of Use | About us | Contact us

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