Foreclosure Figures in Canada
Foreclosure rates in Canada are expected to increase, but remain verylimited, especially when compared to the U.S. experience, where a broadstructural failure of the credit system occurred. Canada's relativelyinsignificant subprime market, and in turn, the low number of Canadians contractually committed to very risky mortgages, should result in a foreclosure rate of insufficient volume to impact house prices or transaction activity.
Source
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