Canadian Mortgages Over 120 Days Past Due Rises At The Fastest Pace In Years

Author: External Author | | Categories: First Time Home Buyer , Mortgage Broker , Mortgage Refinancing , Mortgage Services , Private Mortgage

Canadian mortgage delinquencies are falling, except for people really behind. Canada Mortgage and Housing Corporation (CMHC) data shows the change of mortgages past due in Q3 2020. Most segments of days past due (DPD) show a sharp decline in the most recent reported quarter. This was largely expected due to payment deferral programs. One segment that bucked the trend, regardless of programs, was severe delinquencies. Instead of falling, this segment is actually showing accelerated growth.

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Original Article Source Credits:   Better Dwelling ,

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