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BlackRock and Canaccord Are in Advanced Talks to Buy Bridging

Author of the article: Paula Sambo and Kevin Orland Publishing date: Jul 22, 2021  •  10 hours ago  •  2 minute read  •  Article content (Bloomberg) — Funds managed by BlackRock Inc. and Canaccord Genuity Group Inc. are in advanced talks to buy Bridging Finance Inc., the private lender that was seized by Canadian regulators amid an investigation of its top executives, according to people familiar with the matter. BlackRock funds and Canaccord have reached out to regulators to put in a bid for the firm, which had about C$2 billion ($1.6 billion) under management as of December, the people said, speaking on condition they not be identified because the matter is private.

Accident waiting to happen : Zero-down mortgages in Canada stoke U S subprime-like fears

Article content This is year twenty-five of the great Canadian housing bull market, a nearly uninterrupted straight line up that has few parallels in the world. At a time of soaring real-estate prices all over the globe, only one major economy New Zealand has a frothier housing market than Canada, according to an analysis by Bloomberg Economics. And after all those years of price gains, including a 21 per cent surge since the pandemic began, millions of middle-class Canadians have no chance of scrounging together the money needed to make a conventional down payment of 20 per cent. We apologize, but this video has failed to load.

Accident waiting to happen : Zero-down mortgages in Canada stoke U S subprime-like fears

Accident waiting to happen : Zero-down mortgages in Canada stoke U S subprime-like fears
financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.

Accident waiting to happen : Zero-down mortgages in Canada stoke U S subprime-like fears

Accident waiting to happen : Zero-down mortgages in Canada stoke U S subprime-like fears
ottawacitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ottawacitizen.com Daily Mail and Mail on Sunday newspapers.

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