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YOU ARE NOTIFIED that Default Has Occurred in the Conditions of the Following Described Mortgage Form

YOU ARE NOTIFIED that Default Has Occurred in the Conditions of the Following Described Mortgage Form

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my question is are you starting to see people default on their mortgages what's the sense you're getting right now from homeowners and are many people going to default or are people hanging on the indication that we're getting on our side people are doing everything in their power to make that mortgage payment you know like people will probably you know default on their credit card or their car right but mortgage is usually one of the last ones that they want to default on right um so a lot of clients that I'm talking to right you know they're tapping into their savings appearance any sort of Reserve that you know just yeah it's like literally like they're just getting by right and it is a sad situation uh but so far what we're mostly seeing is people are holding on I think I did read somewhere that the bank I think Bank of Canada did ask like the big Banks to actually put like a default Reserve fund for people who are goi

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