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One In Five Canadian Households Only Have 2 Months of Mortgage Payments Saved

Canada’s banks scrambled to issue hundreds of thousands of mortgage deferrals, and new data shows why. Bank of Canada (BoC) staff calculations show a significant number of households would struggle to cover just a few months of mortgage payments without income. Nearly a quarter of households don’t have enough liquid to pay their mortgage for […]

The post One In Five Canadian Households Only Have 2 Months of Mortgage Payments Saved appeared first on Better Dwelling.

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