“When the mortgage holiday ends, Canada Mortgage and Housing Corp. (CMHC) has speculated that up to 2 per cent of insured mortgages could “experience losses.” To put that in context, in the early 1980s we saw just over 1 per cent of mortgage borrowers go into arrears” : TorontoRealEstate

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-how-will-the-end-of-covid-19-relief-affect-canadas-housing-market/?cmpid=rss&utm_source=dlvr.it&utm_medium=twitter Canada’s housing market is facing two conspicuous problems. One, a historically large percentage of people could default on their mortgage next year. Two, no one knows how big that … Read More