The ripples from the $1.7\u002Dbillion transaction could extend to other pockets of the banking space, analysts say. Read more.
. Home Capital’s third-quarter results showed the effect of the slowing housing market, with single-family mortgage originations plunging by 28 per cent from a year earlier.
National Bank of Canada analyst Jaeme Gloyn estimated in an Oct. 24 note that 66 per cent of Home Capital borrowers would need to renew their mortgages over the next 12 months and could expect to pay $1,190 more on monthly payments on average.
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