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Non-mortgage debt and delinquencies on the rise: Equifax
Author:
Steve Huebl
Publication date:
April 7, 2023
Article Summary:
The article from Canadian Mortgage Trends highlights a report by Equifax, stating that mortgage originations in Canada have decreased by almost 40%. The decline in mortgage originations is attributed to various factors, including stricter lending regulations, rising interest rates, and a cooling housing market. The report indicates a notable shift in the mortgage market landscape, with a significant decrease in both new mortgages and refinancing activities. The article emphasizes the need for borrowers and industry professionals to adapt to the changing market conditions and seek opportunities amidst the evolving mortgage landscape.
Keywords:
Mortgage originations, Down, Equifax, Canada, Stricter lending regulations, Rising interest rates, Cooling housing market, New mortgages, Refinancing, Mortgage market, Market conditions, Changing landscape, Industry professionals.
Source Citation:
Steve Huebl
Non-mortgage debt and delinquencies on the rise: Equifax
April 7, 2023
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