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Mortgage Deferrers are Weaker Borrowers: But How Much Weaker?
Six hundred thousand Canadians weren’t paying their mortgages on July 31. They were getting by with the help of lenders who agreed to postpone their payments. Not long from now, lenders are going to cut off most of those payment deferrals. The housing risk this poses was the topic of my latest Globe column, which estimated that up to 61,000...