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Open original source ↗Its all about to blow to bits and then some
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Something is breaking underneath Canada’s mortgage market. I think we’re about to see a major spike in mortgage delinquencies. Someone claiming to work for a large Canadian lender sent me this anonymously. Basically, lenders are getting more cautious, people are starting to miss mortgage payments, collections are hiring and refinance inquiries could jump 5X. I can’t verify the numbers myself, so I’m curious. Anyone working in Canadian banking or mortgages seeing the same thing?
ShaziGoalie ↗