Canadian mortgage delinquencies are fairly boring these days, until you drill down and look at the demographic shift. Canada Mortgage and Housing Corporation (CMHC) data shows mortgage delinquencies were flat in Q3 2020. When…
Tag: Default
More Canadians call for suspension of rent, mortgage payments
Another labour union has joined an increasing number of Canadians calling for a suspension of rent and mortgage payments until the COVID-19 pandemic is over. Last week, the British Columbia Government and…
RBC analysts: One in five deferred mortgages likely to go into default
Despite the government’s fiscal assistance programs, a significant fraction of mortgages under deferral are likely to go into default, according to RBC Capital Markets analyst Darko Mihelic and senior associate Sanly Li. “We…