Mortgage delinquencies in Ontario have surged by 135% and by 62% in British Columbia. Experts predict that business insolvencies will remain elevated in Canada throughout 2024 as the economy recovers from pandemic lows. The Superintendent of Financial Institutions in Canada has issued a regulatory notice to financial institutions regarding the increasing risks in mortgage lending.
Canada’s Superintendent of Financial Institutions has issued a regulatory notice to its financial institutions over rapidly increasing mortgage lending risks
Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts https://t.co/Us0Jx8xHW9
Insolvencies to remain high in Canada as economy plays catch-up: experts https://t.co/Gi7d43KcqO https://t.co/TBswfGfWtg
Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic. READ MORE: https://t.co/VndWpk1Qng https://t.co/VndWpk1Qng
Business insolvencies to stay higher in 2024 as economy normalizes from pandemic lows, experts say https://t.co/9xESOpixwZ
Mortgage Delinquencies Surge 135% In Ontario, 62% In BC https://t.co/kcca6reiOd