Demand for CMHC's multi-unit mortgage insurance skyrocketed 28.7% last year. Borrowers and lenders have increasingly relied on it to buy, build or refinance multi-unit rental properties. Unlike uninsured mortgages, CMHC multi-unit financing allows: * lower down payments * lower interest expense (lower rates) * easier debt servicing, thanks to stretched-out

Did mortgage shoppers get short-changed this rate cycle? That's a question the National Bank of Canada (NBC) set out to answer in a new report. Its findings reveal that the prior three BoC cutting cycles delivered "much more relief" to fixed-rate borrowers. Before we delve into

DLC co-founders Gary Mauris and Chris Kayat, and Wind Mobile co-founder Anthony Lacavera, were part of a consortium that took a controlling stake in WealthONE Bank. The group dropped $58 million for an almost two-thirds interest in the bank, which the Globe & Mail reports has never made a profit.