May 10, 2023

Despite “sticker shock” of mortgage renewals, Equitable Bank says clients showing “remarkable resilience”

Despite “sticker shock” of mortgage renewals, Equitable Bank says clients showing “remarkable resilience”

Despite facing sharply higher mortgage rates on their mortgage renewals, Equitable Bank says its borrowers have so far shown “remarkable resilience.”  Despite facing sharply higher mortgage rates on their mortgage renewals, Equitable Bank says its borrowers have so far shown “remarkable resilience.”  Mortgage Rates & Mortgage Broker News in Canada 

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RBC sees mortgage delinquencies rising nearly 30% in the coming year

RBC sees mortgage delinquencies rising nearly 30% in the coming year

After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.  After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by

RBC sees mortgage delinquencies rising nearly 30% in the coming year Read More »