Brampton, a fast-growing city west of Toronto, is at the heart of Canada’s mortgage troubles as a growing number of homeowners miss loan payments and lenders force the sale of their homes.
The municipality has the highest mortgage delinquency rate among larger Canadian cities, according to data from Equifax Canada. And its rate of delinquencies – defined as at least 90 days of missed payments – has been rising at a faster pace than in the rest of the country.
