Mortgage Defaults
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Canadians deferred $1B worth of mortgages each month amid coronavirus: CMHCCanada's housing agency is expecting an increase in mortgage delinquencies as deferral programs end this fall.MoneySep 10, 2020
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Lender risk sharing could exacerbate a Canadian housing downturn: reportThe draft report was prepared within the first several months of Trudeau's cabinet being sworn in.CanadaJul 28, 2017
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Ottawa has no future plans to help cool Canada’s housing market, Bill Morneau saysEarlier this month, the government tightened mortgage rules and closed a loophole on home sales, the second time it has acted in the last year to cool a market that some fear has become too hot.ConsumerOct 28, 2016
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Ottawa looks to shift some mortgage loan default risks from taxpayers to banksThe federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the shoulders of taxpayers to lenders, such as the banks.ConsumerOct 21, 2016
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