Wednesday, December 20, 2023 / by Rob Mills
What's happening to all the Mortgage Delinquencies in the GTA?
Despite rising interest rates and inflation impacting everyones pocket Mortgage Delinquency rates are still at record lows, especially compare to the long term average. Whilst they have ticked up slightly they still remain at 0.16%.
Banks are not interested in taking peoples homes, and will work with owners to find a solution that works. With rates looking likely to drop in the near future, this is great news for the GTA real estate market health.
Banks are not interested in taking peoples homes, and will work with owners to find a solution that works. With rates looking likely to drop in the near future, this is great news for the GTA real estate market health.