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Daily Archives: July 12, 2024

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According To Equifax: Canadian Mortgage Delinquencies Rise 24%, Ontario Hits $1 Billion

Posted on July 12, 2024
By Eric MajdalaniMortgage Real Estate
delinquency

Canadian households are finally starting to realize why so many agencies warned against borrowing so much debt. A new report from Equifax Canada shows more households are struggling to repay their super-sized debt loads. The agency notes the trend is amplified in more expensive regions, where delinquencies are rising faster than the national average. Even worse, early…

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