Wednesday, May 27, 2020

Severe Outlook For Canadian Mortgage Defaults

Click HERE to read more

Canadian Mortgage Delinquencies Expected To Rise 200%

In the severe scenario, they expect the mortgage market will be hit fairly hard. By Q3 2020, they expect mortgage originations to drop by 43%. Average balances rise by 20%, as people stop aggressively paying off balances. Most interesting – the delinquency rate could rise 200%. The end of the third quarter would be around when the surge in mortgage deferrals begin to expire.


No comments:

Post a Comment

Your comment will appear after moderation before publishing,

Thank you for your comments.Any comment that could be considered slanderous or includes unacceptable language will be removed.

Thank you for participating and making your opinions known.

Note: only a member of this blog may post a comment.