The move is a significant one for Canada’s mortgage space, bringing together two alternative lenders with wide reach through the broker community.
Announcing the news, Neighbourhood said it had “long admired” Fisgard’s reputation in the industry and highlighted its decades of stability and leadership, a standard it said “closely aligns with our own values and vision.”
Fisgard, headquartered in Victoria, British Columbia, reportedly serves over 2,500 investors between British Columbia and Ontario, offering private mortgage products on both the residential and commercial sides.
The deal marks the latest step in a rapid rise for Neighbourhood, founded in 2015 and quickly becoming a major name in the alternative mortgage space.