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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