Here’s what’s happened.
Canada’s largest bank is forecasting mortgage defaults are still coming, just a little later. RBC is forecasting rising defaults in Q3 or Q4 of 2021. The reason? Programs like EI, CERB, and CRB have delayed defaults.
Here’s what’s happened.
Canada’s largest bank is forecasting mortgage defaults are still coming, just a little later. RBC is forecasting rising defaults in Q3 or Q4 of 2021. The reason? Programs like EI, CERB, and CRB have delayed defaults.
The average residential price was $343,951, down 3.78 per cent year-over-year and 1.97 per cent from the previous month.
February 2020 data shows buyers and sellers have regained confidence in the market and are back to business.
Canadian Housing Sees Strong Rebound From Last February’s Low: CREA