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Rising Mortgage Delinquency in Ontario and B.C.: A Closer Look at the Data

Rising Mortgage Delinquency in Ontario and B.C.: A Closer Look at the Data

Introduction In recent months, an alarming trend has emerged in Canada’s real estate market. With mortgage payments on the rise, more Canadians are finding themselves under financial strain. According to the latest Equifax Canada credit trends report, rising mortgage delinquency rates have surged dramatically, particularly in Ontario and British Columbia. This post delves into the

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Bank of Canada maintains policy rate at 5% on December 6, continues quantitative tightening

Bank of Canada maintains policy rate at 5% on December 6, continues quantitative tightening

  Bank of Canada maintains policy rate on December 6, 2023, continues quantitative tightening Here are the 8 key takeaways: Interest Rates Unchanged: The Bank of Canada maintained the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. This decision reflects the Bank’s current monetary policy stance. Continuation

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