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Canadians quickly falling behind on their mortgages: Benchmark Canada

Ontario, by virtue of being the most populous province, also leads the country in mortgage delinquencies, data from the Canadian Bankers Association show. In July, Ontario’s arrears rate was at 0.34 per cent, or 7,268 mortgages, just over half the Canadian total, according to the CBA. Saskatchewan leads the country in arrears with 0.46 per cent, followed by Manitoba and Ontario at 0.34 per cent.

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