Canada may have elevated unemployment levels, but mortgage delinquencies are dropping. Canada Mortgage and Housing Corporation (CMHC) data shows mortgage delinquencies for Q4 2020. The majority of cities, 26 in total, saw the rate of delinquency lower than last year. Only 5 markets saw the rate rise, as a combination of low rates and mortgage […]
Canadian Rate of Mortgages In Arrear Hits 1990 Low, But Climbs In Ontario and BC
Canada’s low mortgage arrears rate isn’t as easy to unpack as it usually is. The Canadian Bankers Association (CBA) mortgage arrears rate dropped in November. That’s generally a good thing, but there’s a little more to it this time. Mortgages in arrears are rising in Ontario and B.C., but the rate is low due to […]