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Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68%

Canadian real estate is starting to see the first sign of stress from higher interest, and normalized demand. Canadian mortgage lenders are beginning to write off larger mortgages in Q3 2022—the largest in nearly a decade. Credit bureau data shows this isn’t a problem yet, as the share of mortgages written off continues to fall. […]

The post Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68% appeared first on Better Dwelling.

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