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Canada’s Expected Mortgage Credit Losses Reaches A Record $1.4 Billion

Despite Canada’s hot real estate market, lenders expect a record amount in losses. Statistics Canada (Stat Can) data shows expected credit losses (ECL) jumped in Q3 2020. ECLs are now at a record high according to the agency, but are a relatively small percent of total mortgage debt. It’s a little confusing, but expected losses […]

The post Canada’s Expected Mortgage Credit Losses Reaches A Record $1.4 Billion appeared first on Better Dwelling.

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