“Three major Canadian banks have disclosed that about 20 per cent of their residential mortgage borrowers – representing nearly $130-billion in loans – are seeing their balances grow as their monthly payments no longer cover all the interest they owe.”
Why the shadow banking sector is keeping Canada's financial regulators up at night
“OSFI concerned banks have hidden exposure to unregulated private lending sector … The concerns are thought to have risen higher on the regulator’s radar due, at least in part, to a perception of growing valuation risk in privately held commercial real estate, particularly the office segment where publicly traded assets have declined by as much as 50 per cent as remote work leaves buildings with vacancies.”