Canada fears contagion after mortgage lender buckles
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Toronto
AS Home Capital Group Inc spiralled downward last week, a group of Canadian real estate brokers relaxing in Mexico brooded over whether the mortgage lender's woes would seep into the housing market and trigger the kind of crisis the country averted in 2008.
"Home Capital was on everybody's lips," Dominion Lending Centres' Jason Georgopoulos said about the industry retreat in Los Cabos, Mexico. In between margaritas and rounds of golf, he saw Home Capital's stock plunge and its debt rating cut to junk from investment grade.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
