Canada Mortgage: Defaults to Jump, Originations to Tumble, Sales to “Suffer”

#Canada Mortgage: Defaults to Jump, Originations to Tumble, Sales to “Suffer”

-New mortgage originations could fall by 35-40% Q2 & 3

-Moody’s forecasting a 10% decline in home prices

-Material increase in delinquency rates when mortgage deferrals expiret.co/BiJDuOthiZ pic.twitter.com/Js6dhDKOqV

— 𝕮𝖍𝖎 🛢️ (@chigrl) May 9, 2020