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In 2018, York Region saw the highest percent of refinanced mortgages sourced from private lenders in the GTA.
Of the five GTA regions, York Region had 21%. The next highest was Peel Region, followed by Toronto Region, then Durham Region, and, trailing behind the pack, Halton Region.
While Halton had the lowest percentage of private refinancing mortgages out of the five GTA regions, it has seen the fastest growth with private financing up 64% in 2018 over 2016 volumes.
Overall growth of refinanced mortgages from private lenders has been on the rise in all five GTA regions between 2016 and 2018.
See more of the latest real estate trends in the October 2018 Teranet Market Insights Report.
Get your copy here: wp-content/uploads/2018/10/Market-Insight-Report_Oct-2.pdf