What are mortgage delinquencies and how is it affecting your home search? Find out more in this article by Better Dwelling.
Toronto and Vancouver Real Estate See Mortgage Delinquencies Start To Climb | Better Dwelling
Toronto and Vancouver real estate is seeing default rates climb from recent lows. Canada Mortgage and Housing Corporation (CMHC) numbers show the ratio of delinquencies is climbing in both cities as of Q3 2018. The increase is most notable for the largest mortgages, a potential sign that reduced liq…