One of Canada’s Largest Private Mortgage Lenders Freezes Investor Redemptions
November 11th, 2022
Romspen, one of Canada’s prominent private mortgage lenders with $3.2-billion in assets under management, is freezing investor redemptions citing some trouble with loan repayments. Anecdotal evidence is piling up for a hard landing in Canada. Everywhere you look there is something blowing up, including FTX which was the world’s second largest crypto currency exchange. Inflation continues to turn lower with US CPI dropping more than expected in October.