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Wholesaling in Canada
I have a few students that want to know if wholesaling is capable in Canada. Can anyone answer this question for me?
And what about anything similar to FHA loans?
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Search the forums, this has been discussed often.
The short answer is: In comparison to the U.S.A., wholesaling is not a viable business strategy in Canada. This is due primarily to differences in market size, mortgage arrears/delinquency rates (<1%), and lending practices and regulation.
Canada has high-ratio mortgages similar to the FHA program in the U.S.A. Information can be found on the Canada Mortgage and Housing Corporation (CMHC) website