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0 -0.0024306428631296 -0.00217919704970238 -0.000754337440281648 -0.00197016176347322 -0.00142485960942085 -0.00276590394769926 -0.00737574386053135
Stock impact report

Mortgage delinquency rate falls for first time in three years: CMHC [Advisor.ca (Canada)]

Cabot Corporation (CBT) 
Last cabot corporation earnings: 2/3 04:16 pm Check Earnings Report
US:NYSE Investor Relations: cabotog.com/investors
Company Research Source: Advisor.ca
Canada's housing agency says the number of homeowners behind on mortgage payments has fallen for the first time in three years, though delinquencies are still trending up in Ontario and British Columbia. Canada Mortgage and Housing Corp. says the national mortgage delinquency rate was 0.22% in the second quarter, down from 0.23% in the first. The percentage of households more than 90 days behind on payments has been slowly creeping up in recent years, rising from 0.14% in 2022, as many homeowners renew mortgages at higher rates. CMHC says the national decline came as repayment trends improved in Atlantic Canada, Quebec and the Prairie provinces, while Ontario saw an increase with delinquencies in Toronto up 60% compared with a year earlier at 0.24% in the second quarter. Borrowers have had some relief as interest rates have trended down, but CMHC notes there is still a wave of renewals going through at higher rates, including over 750,000 in the second half of this year and a Show less Read more
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