RE:RE:RE:Why the KPMG report matterssorry that the employment levels in Canada- all going up- over 400K more people have jobs that had jobs a year ago.
so when more people are working- people will be able to keep up with their mortgage payments- and not default.
the number one reason why defaults happen is that people lose their jobs and can't pay their mortgages.
if employment levels continue to increase it seems logical to presume that people wlll continue to pay their
mortgages. and if you look at current default rates- in ontario and BC where the dingbat crew is harping about, the default rates are the lowest. they are highest in Alberta and the Martimes, where the employment levels are
the lowest.
so do yourselves and favour and ignore any more comments about the market crashing etc and Ltv ratios.