Subprime (B) and private lending options available to clients in Canada
In Canada there are three lending tiers. The top tier or A lending as it sometimes called refers to clients who can qualify based on income and credit score to support the mortgage. This type of lending would represent the majority of mortgage lending in Canada. There are however two other lending options available to consumers, Subprime (B) and private lending. This source of lending represents a large portion of the overall Canadian mortgage lending market.