CMHC flags regional mortgage delinquencies
Alternative lenders posted the highest levels of overdue mortgages in the latest data
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Alternative lenders posted the highest levels of overdue mortgages in the latest data
Canadian mortgage delinquencies are rising. As reported last week, the latest CBA arrears rate hit 0.28% in February, double the record lows over the past 4 years. It hasn’t surpri...
Canada’s banks continue to see borrowers fall behind on their mortgage payments. Canadian Bankers Association (CBA) data shows the arrears rate rose in February, and now sits at do...
Ontario’s real estate woes are quickly turning into one of the worst downturns in the province’s history. Canadian Bankers Association (CBA) data shows mortgages in arrears surged...
Mortgage holders face steepest pressure as delinquencies surge in Ontario and BC
Canada’s highly indebted households are starting to crack under the pressure. Office of the Superintendent of Bankruptcy (OSB) data shows insolvencies climbed in March. Now at a 17...
New MBA data pointed to rising early-stage trouble across key property types
New MBA data pointed to rising early-stage trouble across key property types
Recent subprime mortgages are deteriorating faster than pre-pandemic loans
ICE data shows the national delinquency rate unchanged, but serious delinquencies and foreclosure inventory continue to climb year on year
Home values declined while borrowing increased, leaving financial markets to drive overall wealth growth.
ICE data showed March delinquencies easing even as serious trouble kept climbing
ICE says the overall delinquency rose to 3.72% in February, while serious distress climbed 25% in four months, led by FHA loans.
A new report from Equifax Canada says insolvency volumes have risen to the highest level since 2009 amid escalating financial strain on homeowners.
Financial pressure is increasingly visible among homeowners, says Equifax
Older homeowners are increasingly leveraging equity to help younger buyers, raising long-term financial risks as retirement approaches
TORONTO — A new report from Equifax Canada says insolvency volumes have risen to the highest level since 2009 amid escalating financial strain on homeowners. The firm’s first-quart...
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Banks See Mortgage Arrears Surge 89% From Record Lows Canada’s banks are seeing mortgage arrears...
Residential mortgages now account for nearly two-thirds of Desjardins’ loan book, while impaired mortgage loans remained relatively stable despite ongoing economic uncertainty.
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Downgrades Housing, Warns of Small Condo Glut The Bank of Canada kept its key overnight ra...
Two sectors posted a mild improvement, helping drive an overall drop in the delinquency rate
37,121 Canadians sought insolvency protection in Q1 as debt, living costs and uncertainty took a toll
Canadian households continue to rack up an epic amount of debt. Statistics Canada (StatCan) data shows household debt continued to climb in March. The record debt rivals the countr...
CMHC says borrowers are increasingly turning to variable-rate and shorter-term mortgages as renewal pressures begin to ease and insured lending rebounds.
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