Building permits are on the rise in Canada, particularly in cities with limited housing supply, such as Toronto and Vancouver.
As less supply is available, more people are turning to create their own by developing new properties. This in turn could lead to a new niche market for mortgage professionals.
If you have been working in an area with limited supply, this presents an opportunity to grow your portfolio.
On the Purview blog, we are taking an in-depth look at the growth of construction financing so far and how your tools can help you expand into the market. Read it here: https://www.purview.ca/construction-financing-could-be-the-new-niche-mortgage-market/