Report from RBC forecasts deliquincies to rise by a third over the coming year, while consumer insolvencies could increase by nearly 30 per cent over the next three years.
The city’s affordability crisis will only get worse with the Bank of Canada holding the line on interest rates, which some economists say won’t decrease until next year.
The city’s affordability crisis will only get worse with the Bank of Canada holding the line on interest rates, which some economists say won’t decrease until next year.