Surge in outstanding residential mortgage credit: CMHC sees risk of delinquencies jumping

Author: External Author | Sep 30, 2020 | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Reverse Mortgage , Royal Canadian Legion , Self Employed Mortgage

Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to keep up with payments.

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Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By: Jessy Bains

Original Article Posted on: September 10, 2020

Link to Original Article: https://ca.finance.yahoo.com/news/surge-in-outstanding-residential-mortgage-credit-cmhc-sees-risk-of-delinquencies-jumping-165503550.html