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Existing Home Sales Tumble YoY For 14th Month – Worst Run Since Housing Crisis Non-bank lenders are on the rise and they’re charging massive rates of interest Unable to find a bank willing to give him a loan, and desperate to keep his business from going under, he turned to an unregulated non-bank lender that charged 60 per cent interest. Initially he was paying a so-called discount rate of 30 per cent.
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Canada’s mortgage stress tests are broken: economist B.C.’s economy has led Canada over the past two years, but that trend is not expected to hold in 2017, with Manitoba and Ontario projected to lead the country, says an RBC Economics forecast. Job.
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