Tag: #FinancialStress
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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