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Canada’s Mortgage Lenders Have Set Aside A Record Amount For Bad Loans

Canada’s real estate markets are booming, but lenders are preparing for mortgage losses. Bank of Canada (BoC) data shows the allowance for credit losses due to mortgages reached a record high in Q3 2020. The record was reached with the biggest surge in the annual rate of growth since the Great Recession. Allowance For Credit […]

The post Canada’s Mortgage Lenders Have Set Aside A Record Amount For Bad Loans appeared first on Better Dwelling.

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