Mark Vassallo
Mark Vassallo, a part of TMG The Mortgage Group (Ontario) Inc., is a Canadian mortgage brokerage contributing to the growth of mortgage volumes. The company has observed a significant increase in mortgage transactions, driven by low mortgage rates and a robust housing market. With a focus on providing financing solutions, Mark Vassallo assists Canadians in securing residential and commercial mortgages through a vast network of qualified brokers and agents.
Despite concerns over rising delinquencies, Mark Vassallo reports a decline in borrowers falling 90+ days behind on mortgage payments, showcasing a positive trend in consumer credit health. The company also monitors non-mortgage debt levels, which have increased slightly, but individual debt per person has decreased. Looking ahead, Mark Vassallo anticipates continued strength in mortgage volumes, supported by high home sales and low housing inventories across the country.
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