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Mortgage defaults after COVID-19 could look different than 2008, says economist

from InBrampton

Mortgage defaults after COVID-19 could look different than 2008, says economist InBrampton A Bank of Canada economist says the current economic recovery could be different than the recovery from the financial crisis of 2008. Bank of Canada Director of Financial Stability Mikael Khan said that while the employment rate has fallen due to the pandemic, house prices are recovering and keeping homeowners from filing for insolvency. READ MORE

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