Three of Canada's largest banks are seeing ~20% of their outstanding mortgages in negative amortization.
— The Kobeissi Letter (@KobeissiLetter) September 18, 2023
What does this mean?
Monthly payments on ~20% of mortgages at BMO, TD, and CIBC are no longer enough to cover interest expense.
This means you end up owing more than your… pic.twitter.com/pGHhOQ7G2D
Crippling Florida real estate realities
https://www.dailymail.co.uk/real-estate/article-15717685/florida-condo-owners-laws-market-collapse.html