Don’t be alarmed but as much as 20% of Canadian mortgages are at a ‘higher risk of defaulting’

“If 20 per cent of mortgages under deferral eventually become delinquent in Canada, this equates to a mortgage delinquency rate of 2.3 per cent which is almost 4 times higher than the peak Canadian mortgage delinquency rate over the past 30 years.”

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