Mortgage lender CMI closes $100M facility from U.K. investor
CMI Financial Group has closed a senior financing facility of up to $100 million with U.K.-based Royal London Asset Management to grow its lending capacity for residential mortgages.
CMI Financial Group has closed a senior financing facility of up to $100 million with U.K.-based Royal London Asset Management to grow its lending capacity for residential mortgages.
On the heels of two Bank of Canada rate cuts in 2025, real estate experts, buyers and sellers are watching with cautious optimism to see whether lower borrowing costs will translate into renewed housing activity — particularly in major markets like Toronto and Vancouver, where sales have hit record lows.