Are mortgage defaults on the rise in Canada? #shorts

With Canadians facing higher interest rates, you would think that mortgage defaults would be on the rise. But in fact mortgage defaults were at their lowest level ever at the end of 2022.

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TOM STOREY
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The opinions expressed herein are solely that of Steve Karrasch PREC and Tom Storey, not Macdonald Realty, Royal LePage Signature, TREB or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Nor should any of this content be considered or used as financial advice. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.