Ontario alternative sector activity boosts private lender’s numbers
Alternative mortgage borrowing in Ontario propelled First National Financial Corporation’s Q1 figures, the company announced last month.
First National’s new mortgage originations during the first quarter stood at $3.0 billion, a marked decline from the $3.4 billion during the same time last year ago.
Among the most significant declines were in new single-family originations, which fell from $2.2 billion in 2018 to $1.8 billion this year.
On the other hand, total mortgage renewals w
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