$$ Mortgage Resets, Real Estate Time Bombs
This is from the UK:
And this is from the US:
In Canada, we will probably have the same but with a bit of a delay.
I squint just thinking about another potential “double dip” in the economy. Lots of people around me are getting that glint of hope in their eyes again, work is starting to pick up. Would hate to see these “green shoots” 🙂 destroyed by the second wave of mortgage defaults.