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The number of London people defaulting on the home loan repayments enjoys risen over 80 percent due to the fact highest interest levels connect with consumers exactly who repaid soaring home prices, a special studies reveals.
London area had the next high rate in the nation, given that non-payments flower 83.step 3 percent at the conclusion of the 3rd quarter last seasons, 2nd in order to Barrie one saw defaults twice, claims the latest report of the credit agency Equifax and you can Canada Home loan and you can Houses Corp.
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