By Paul Vieira In the third quarter, the share of mortgages in arrears at Canadian nonbank lenders saw a gradual increase compared to the previous year, according to data released by Statistics Canada on Tuesday. While still relatively low, these numbers shed light on the challenges that households are facing in a high-rate environment. A recent Bank of Canada consumer survey … [Read more...] about Increase in Mortgages in Arrears Highlights Financial Strains for Canadian Households
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