Comments on: Look For Alternative Forms of Financing http://www.northbridgeconsultants.com/blog/2008/09/29/look-for-alternative-forms-of-financing/ Dedicated to bringing you news and information about the current Canadian business environment. Wed, 12 May 2010 03:28:14 +0000 hourly 1 http://wordpress.org/?v=3.3 By: sean http://www.northbridgeconsultants.com/blog/2008/09/29/look-for-alternative-forms-of-financing/comment-page-1/#comment-46 sean Fri, 10 Oct 2008 13:28:26 +0000 http://www.northbridgeconsultants.com/blog/?p=78#comment-46 It's going to get much worse before it gets better: "Toronto mortgage broker Ranjit Dhaliwal says credit is 'most definitely' tightening in Canada, noting that he's turning down many prospective home buyers because they don't qualify for a mortgage. On top of that, defaults are also skyrocketing. People were always able to turn to private lenders when the banks turned them down. But as a private lender, I've pulled back and a lot of others are, too." http://www.thestar.com/business/article/515264 It’s going to get much worse before it gets better:

“Toronto mortgage broker Ranjit Dhaliwal says credit is ‘most definitely’ tightening in Canada, noting that he’s turning down many prospective home buyers because they don’t qualify for a mortgage. On top of that, defaults are also skyrocketing. People were always able to turn to private lenders when the banks turned them down. But as a private lender, I’ve pulled back and a lot of others are, too.”

http://www.thestar.com/business/article/515264

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