Hardbacon’s Post

A very good explanation of the potential upcoming mortgage approval restrictions according to information leaked out of OFSI last week. Mark includes multiple examples (calculations at different rates) of how it would impact borrowers in this segment. https://lnkd.in/g3rupb5j

Overdue commercial real estate loans tied to U.S. banks increased to 1.25% in the first quarter — a new cycle high, according to a recent analysis by S&P Global Market Intelligence.

Overdue commercial real estate loans tied to U.S. banks increased to 1.25% in the first quarter — a new cycle high, according to a recent analysis by S&P Global Market Intelligence.

Overdue commercial real estate loans tied to U.S. banks increased to 1.25% in the first quarter — a new cycle high, according to a recent analysis by S&P Global Market Intelligence.

Overdue commercial real estate loans tied to U.S. banks increased to 1.25% in the first quarter — a new cycle high, according to a recent analysis by S&P Global Market Intelligence.

🍁 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗖𝗵𝗮𝗿𝘁𝗲𝗿𝗲𝗱 𝗕𝗮𝗻𝗸𝘀 𝗟𝗼𝗮𝗻 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻:  🔹Big 6 Banks issued 93% of the loans. 🔹Excluding BMO, ~50% of the other 5 banks' loans are secured by homes.* 🔹Over 30% of the loans are outside Canada, mostly in the U.S. 𝗧𝗼𝘁𝗮𝗹 𝗟𝗼𝗮𝗻𝘀 𝗼𝗳 $𝟰,𝟰𝟳𝟱𝗕 𝗯𝘆 𝗖𝗵𝗮𝗿𝘁𝗲𝗿𝗲𝗱 𝗕𝗮𝗻𝗸𝘀 𝗶𝗻 𝗖𝗮𝗻𝗮𝗱𝗮 𝗮𝘀 𝗼𝗳 𝗝𝘂𝗹𝘆 𝟯𝟭, 𝟮𝟬𝟮𝟰: • RBC: $978.3B (21.9%) • TD: $946.1B (21.1%) • Scotiabank: $765.8B (17.1%) • BMO: $677.5B (15.1%) • CIBC: $553.9B (12.4%) • National Bank: $240.7B (5.4%) • Other 40+ chartered financial institutions: $312.8B (7%) 𝗟𝗼𝗮𝗻 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗶𝗴 𝟲 𝗕𝗮𝗻𝗸𝘀: 🏡 Home Financing: 48.2% Mortgages: 41% HELOCs: 7.2% 🏢 Business & Government Loans: 41.1% 👥 Personal Loans (excl. HELOCs): 7.8% 💳 Credit Cards: 2.9% *𝗡𝗼𝘁𝗲: Home-secured loans include mortgages and HELOCs. ------------------------ Provided by WOWA.ca Simply Know Your Options🔍

Overdue commercial real estate loans tied to U.S. banks increased to 1.25% in the first quarter — a new cycle high, according to a recent analysis by S&P Global Market Intelligence.

Overdue commercial real estate loans tied to U.S. banks increased to 1.25% in the first quarter — a new cycle high, according to a recent analysis by S&P Global Market Intelligence.

Overdue commercial real estate loans tied to U.S. banks increased to 1.25% in the first quarter — a new cycle high, according to a recent analysis by S&P Global Market Intelligence.

Overdue commercial real estate loans tied to U.S. banks increased to 1.25% in the first quarter — a new cycle high, according to a recent analysis by S&P Global Market Intelligence.