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Jobless drive fears over housing and mortgage risks
The article examines how unemployment and high debt push Canadians toward risky mortgages with redundancy clauses as housing markets teeter. It notes 1981s unemployment climbs, debt burdens, and forecasts on mortgage rates while weighing if real estate has bottomed out or will fall further.
MENTIONED IN THIS ARTICLE
New South Wales
New Zealand
Canada
Statistics Canada
Lloyd Atkinson
Bank of Montreal
Atkinson
U.S. Labor Department
Michael Wilson