MORE MORTGAGE AREARS EXPECTED!

Canada’s non-bank lending sector has seen its mortgages in arrears (over 90 days) spike by 20.13% annually, data from Statistics Canada showed.

Non-bank lenders reported 4,392 mortgages in arrears in this category as of Q2, with a total balance of $1.08 billion (up 31.81% year over year). #SANDI HALPERN # LEASED # SOLD #MORTGAGE ARREARS