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Mortgage crisis? Ontario homeowners struggle as delinquencies soar 50% amid renewal shock
With interest rates now over 50% higher than pre-pandemic levels, there is, at the same time, a significant rise in mortgage ...
TORONTO, Feb. 18, 2025 /CNW/ - Ontario's financial services regulator, FSRA, has issued an Order revoking the mortgage brokerage licence issued to Monarch Mortgage Group Inc. ("Monarch") and an Order ...
The Equifax Canada Q4 2024 Market Pulse Consumer Credit Trends Report highlights a troubling rise in mortgage delinquencies in Ontario, where missed payments have surged by over 50% compared to ...
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Record rise in Ontario mortgage delinquencies stem from COVID-era interest rates: Equifax
While many Canadians are having financial troubles, no where are they more acute than in Ontario, according to a new report from Equifax. The company, which monitors consumer credit, says Ontario's ...
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