The Canadian Mortgage Portfolio Manager's Desk
Key Developments in the Canadian Mortgage Sector for MPM's.
Welcome,
Diving into the latest news affecting the Canadian mortgage landscape, this update is crafted for professionals at Mortgage Investment Corporations (MICs) and Credit Unions.
1. Canadian Home Price Drop Risks Pushing $34 Billion in Loans Underwater
BNN Bloomberg
A looming decline in home prices could put $34 billion in loans at risk, highlighting a significant challenge in the Canadian mortgage market.
2. Canadian Pension Funds Put $1 Trillion Into Shadow Banking: What to Know
The Motley Fool
Canada's largest pension funds are moving $1 trillion into shadow banking, focusing on private credit. This shift underscores a broader trend towards alternative investment strategies.
3. Blackstone Targets $10 Billion for New Opportunistic Credit Fund
BNN Bloomberg
Blackstone is looking to raise $10 billion for a new credit fund, signaling strong interest in opportunistic credit investing among leading firms.
4. Builders Capital Mortgage Corp. Announces Class B Non-Voting Share Distribution
MarketScreener
Builders Capital Mortgage Corp. has declared the distribution of Class B Non-Voting shares, affecting shareholders and the strategic orientation of the company.
5. IWS Equity Launches $300-Million Growth Fund
Newswire.ca
IWS Equity unveils a $300-million growth fund aimed at mid-market real estate in Canada, highlighting new investment avenues in the sector.
6. Strong Data, Weak Auction, Weak Bonds
Mortgage News Daily
Recent strong economic data and a weak bond auction have impacted mortgage-backed securities, with potential implications for interest rates and the mortgage market.
Conclusion
It looks like more liquidity from varying sources are coming into the alternative mortgage space. Stay tuned for more updates! Your feedback drives our content direction, so let us know your thoughts or areas of interest.
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Homeslice Newsletter Team