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Stock impact report

Posthaste: Mortgage delinquencies more than quadrupled in this Canadian city with no relief on the horizon [Yahoo! Finance Canada]

Cabot Corporation (CBT) 
Last cabot corporation earnings: 2/3 04:16 pm Check Earnings Report
US:NYSE Investor Relations: cabotog.com/investors
report , and they could get worse with one million mortgages up for renewal this year. The Bank of Canada expects 60 per cent of mortgage holders who are renewing this year will wind up paying more — six per cent on average — but the increases could be as much as 15 per cent to 20 per cent for a five-year fixed mortgage, which is the most popular type among Canadians. “The national mortgage arrears rate — the share of mortgage consumers who have missed payments for 90 days or more — has been increasing,” CMHC said in a report released on Thursday, citing a “significant” increase of seven basis points from the third quarter of 2023 to the third quarter of 2025. The national housing agency said the delinquency story is one of geography and demographics, with major cities such as Toronto and Vancouver recording the highest levels of delinquencies and those who purchased a home during the pandemic exhibiting the greatest signs of payment stress. For example, mortgage delinquencies Show less Read more
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