Toronto and Vancouver See Mortgage Delinquencies Rise To Highest Level Since 2016

Canada’s mortgage delinquencies are flat, but that story is much more interesting by region. Canada Mortgage and Housing Corporation (CMHC) data shows mortgage delinquencies are flat in Q3 2020. It’s a little different looking at the biggest real estate markets though. In Toronto and Vancouver, delinquencies are still rising to multi-year highs. Montreal is performing […]

This Week’s Top Stories: Canada’s Biggest Bank Sees Mortgage Defaults Next Year, and Condo Listings Soar In Toronto

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate RBC Forecasts Canadian Mortgage Defaults Will Start Rising Next Year Canada’s largest bank is forecasting mortgage defaults are still coming, just a little later. RBC is forecasting rising defaults in Q3 or Q4 of 2021. The reason? Programs like EI, CERB, […]