Canadian Mortgage Default Risk Is The Highest In The OECD:...

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2023-06-04 15:58:01 - Translate -

Source: IMF.
Canadian mortgages have the highest risk of default in the world, according to the IMF. A combination of high household debt and frothy home prices have increased risk in the market. Households embracing floating, or fixed rate, loans turned it from just overpriced housing into over priced housing with a high risk of default.
https://betterdwelling.com/canadian-mortgage-default-risk-is-the-highest-in-the-oecd-imf/

Source: IMF. Canadian mortgages have the highest risk of default in the world, according to the IMF. A combination of high household debt and frothy home prices have increased risk in the market. Households embracing floating, or fixed rate, loans turned it from just overpriced housing into over priced housing with a high risk of default. https://betterdwelling.com/canadian-mortgage-default-risk-is-the-highest-in-the-oecd-imf/

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Canadian Mortgage Default Risk Is The Highest In The OECD: IMF - Better Dwelling

The days of Canada having a reputation of conservative bank practices are coming to an end. In a new research note from the IMF, the global financial agency ranked mortgage default risks for households. Canada’s combination of high household debt, frothy home prices, and floating rate loans makes it the riskiest advanced economy in the […]

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