Canada / English

Debunking Low Mortgage Defaults As A Healthy Real Estate Indicator

Debt expert Scott Terrio builds on our observation that Ontario default levels have fallen to their pre-crash levels. Comparing it to US default rates before their 2008 crash, he makes a convincing case in one of Canada’s oldest business magazines, that defaults are a useless indicator at best.

Read the whole article, http://www.canadianbusiness.com/blogs-and-comment/canadas-low-mortgage-delinquency-rates-dont-mean-everythings-fine/.