Rate Hike Fog Rolls In as Canada's Mortgage Renewal Wave Builds

The private mortgage market could become a crucial lifeline as Canada's mortgage renewal crisis deepens. A new CMI Financial/Angus Reid report reveals that while only 6% of Canadians have used alternative mortgage lenders, 56% of those who did saw improved long-term financial positions. Nearly one-third found it a "smart choice" that set them on firmer footing. Younger Canadians are increasingly open to what they call "flexible and innovative" lending — a potential...