Canada’s non-bank lenders saw an unusual situation – mortgage growth, and rising arrears. Statistics Canada (Stat Can) data shows non-bank lenders had a big quarter extending mortgages in Q2 2020. The large growth in mortgage extension was accompanied by a sharp uptick in arrears. Highly unusual since those trends tend to require conditions opposite of […]
The post Canada’s Non-Bank Lenders See Arrears Rate Rise 11%, Despite Deferral Programs appeared first on Better Dwelling.
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