09/20/2024
Toronto real estate is collapsing much faster than most people realize. The mortgage delinquency rate for the GTA has climbed to 0.27%, a 42% increase from the previous quarter. This is the highest delinquency rate since the 2017 mini-foreign buyer bubble.
Read the Full article at: https://betterdwelling.com/toronto-real-estate-is-collapsing-much-faster-than-most-realize/
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Canada’s largest real estate market is turning into a headache for the country’s largest bank. Yesterday we mentioned RBC’s Greater Toronto Area (GTA) mortgage portfolio has seen serious mortgage delinquencies (90+ days) soar in Q3 2024. We received a few requests for a deeper dive, so here it...