Ontario Mortgage Delinquencies Are Up 52 Percent and Business Restructurings Jumped 30 Percent. Here Is What Owners Are Missing
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New Equifax Canada data shows business debt is up 7.3 percent, delinquencies have hit a multi-year high, and restructuring proposals surged over 30 percent year over year, with Ontario leading the stress. Here is the part nobody talks about: roughly 35 percent of businesses that ask their bank for financing get declined, and most owners stop there. As a Commercial Mortgage Broker, I unlock the equity sitting inside your commercial property through refinancing, private lending, and debt consolidation options your bank never offered you. If cash flow is tight, reach out before a payment problem becomes a credit problem.
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