Canada's largest bank by stock value is sounding the alarm bells over the $2.1 trillion domestic mortgage market, which the financial institution said could face "payment shock" in the next three years.
Canada Faces $2.1 Trillion Residential Mortgage Problem and Consumer Payment Shock
Country's Largest Bank Predicts 60% of Mortgages Coming Due Over Next Three Years
By Garry Marr
CoStar News
November 1, 2023 | 11:33 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Royal Bank Plaza - South Tower
200 Bay St, Toronto, ON
- Companies
- Royal Bank of Canada
Finance and Insurance