Tag: #FinancialStress
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Mortgage Arrears Just Hit Their Highest Level in Over a Decade and Ontario Is Leading the Country. Do Not Wait Until You Miss a Payment.
Mortgage Arrears Just Hit Their Highest Level in Over a Decade and Ontario Is Leading the Country. Do Not Wait Until You Miss a Payment. Multifamily & Commercial Financing, Done Right. CMHC MLI Select, private & commercial mortgage financing – Ontario. The number of Canadian bank mortgages at least 90 days past due reached 14,061… Read more
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Insolvency volumes hit highest rates since 2009, Equifax warns
Insolvency volumes hit highest rates since 2009, Equifax warns I’m watching a clear warning sign in Canada’s consumer credit market: Equifax says insolvency volumes hit their highest level since 2009, with homeowners under the most strain. The pressure is showing up in higher homeowner insolvencies, more consumer proposals, and rising delinquent balances, especially in high-cost… Read more
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Mortgage Delinquencies on the Rise!
RBC notes rising mortgage delinquencies in the GTA as interest rates strain homeowners, highlighting the need for mortgage options. Read more