As the housing market slows, costly bridge mortgages are an increasingly common last resort - The Globe and Mail

For homebuyers with no other liquidity, non-prime lenders are sometimes the only way to bridge a new purchase until their existing home sells

The average Canadian home has shed 12.9 per cent of its value in just three months, according to the latest Canadian Real Estate Association report. Thats almost 1 per cent a week. If youre selling… [+7213 chars]

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