Private mortgage lender Magenta suspends new loan applications until fall - The Globe and Mail

Magenta Capital’s decision to suspend new loan applications until September comes less than a week after the Bank of Canada raised its benchmark interest rate by another 50 basis points

A house is for sale in Ottawa, Ont., on April 13.Spencer Colby/The Globe and Mail Magenta Capital Corp., one of Canadas largest private mortgage lenders, has suspended new loan applications until Se… [+3394 chars]

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