Canada may face growing banking risks as mortgage defaults climb, especially in the Toronto area. Power-of-sale home listings have surged about 60 % year-over-year, with some estimates topping 780. Analysts warn big banks—some with high debt-to-equity ratios like Laurentian and CIBC—are exposed after years of heavy real-estate lending. Rising interest rates, falling home values, and job losses are fueling concern of a wider financial crisis.
Home Seizures Up 60%—Canada’s Banks Can’t Contain This
