Canadian Mortgage Arrears Have Skyrocketed 96% As Bank Portfolios Shrink
Households continue to buckle under the weight of their supersized mortgages. That’s the takeaway from the Canadian Bankers Association (CBA) mortgage data for July. The data shows banks have seen the number of mortgages in arrears hit a 12-year high. At the same time, the size of their books is shrinking as banks fail to […]
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