The mortgage delinquency rate among Canadian seniors has reached its highest level in years, according to the Canada Mortgage and Housing Corporation.
The latest figures from the Crown corporation suggest that while the national delinquency rate across all demographics stood relatively flat at 0.3% by the end of Q3 2020, the rate for seniors was the highest since 2017, reaching 0.37% during that quarter.
This represented a 2.78% increase from Q2, along with a 5.71% annual gain. # SANDI HALPERN # LEASED # SOLD # SENIORS # DELINQUINCIES
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