Risks remain in Canada’s mortgage market as delinquencies creep up, CMHC says

📆 4/11/2024 1:05 p. m.
📰 globeandmail

⏱ Reading Time:
12 sec. here
49 min. at publisher
📊 Quality Score:
News: 172%
Publisher: 92%

Canadian News Noticias

Canada News,Breaking News Video,Canadian Breaking News

CMHC says in its latest residential mortgage industry report that 1.2 million mortgages are up for renewal in 2025 and that 85% of those were signed when the Bank of Canada rate was at 1% or lower

Canada’s housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being issued by alternative lenders.

Borrowers up for renewal next year will face lower interest rates than many saw this year though, as the Bank of Canada has lowered its key rate four times already to what is now 3.75 per cent, with more cuts expected ahead.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

CMHC says risks remain in mortgage market as delinquencies creep upCanada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being issued by alternative lenders.
Fuente: CTVNews - 🏆 1. / 99 Leer más »

CMHC says risks remain in mortgage market as delinquencies creep upOTTAWA — Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being issued by alternative lenders. Canada Mortgage and Housing Corp.
Fuente: SooToday - 🏆 8. / 85 Leer más »