Toronto And Vancouver See Mortgage Delinquencies Rise To Highest Level Since Twenty Sixteen
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 as expected, with delinquency rates falling, likely helped by payment deferrals.
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