February 18th - 2013

Market Watch: Fewer mortgages in arrears: CMHC report

As a result of prudent mortgage lending practices, the number of mortgages in arrears in Canada has been trending downward, according to a report released recently by Canada Mortgage and Housing Corporation (CMHC).

As a result of prudent mortgage lending practices, the number of mortgages in arrears in Canada has been trending downward, according to a report released recently by Canada Mortgage and Housing Corporation (CMHC). The report, the Canadian Housing Observer, reveals the downward trend and other information. To view the summary, visit www.cmhc.ca and click on Newsroom and News Releases to find “CMHC releases its 10th annual review of the state of housing in Canada.”

Share this item

App provides easy access to OREA services REALTORS® are home owners too

For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246