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Up to 20% of Canadian Mortgages at Higher Risk of Defaulting: RBC

Author: External Author | Nov 27, 2020 | Categories: Bank Mortgage , Builder Mortgage , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Refinance , New to Canada Mortgage Program , Reverse Mortgage

While September was an otherwise busy month for real estate activity across the country, RBC Capital Market analysts say between up to 20% of mortgages currently under deferral are at a higher risk of default.

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Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/

Article Written By: Ainsley Smith

Original Article Posted on: NA

Link to Original Article: https://torontostoreys.com/canadian-mortgages-risk-defaulting-rbc/