Tag: Canada mortgage arrears
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Canadian Mortgage Arrears Climb To Highest Level Since 2020

Canada’s major banks are facing rising borrower stress once again. New data from the Canadian Bankers Association (CBA) shows mortgage arrears have climbed to a 5 year high as of September. The increase comes at a time when the total number of mortgages is shrinking, meaning each delinquent borrower now carries more weight in the…