RBC sees mortgage delinquencies rising nearly 30% in the coming year
Posted by: Dean Kimoto
After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third. That’s the latest forecast from RBC Economics, which points to a “looming” recession and an expected increase in the unemployment rate to 6.6% by next year […]
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