The "Secrets" Behind Canada’s Ridiculously Low Arrears Rate
A mere 15 out of 10,000 people are 90+ days behind on their mortgage, according to CBA data released last week.
That number is historically tiny. Yet, it's been this way for so long that it no longer impresses most people.
It should, though. Lenders in 1992 or 1997 would have killed for arrears that low, let alone lenders in the 1980s.
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