Yes. I'm not predicting that 2% will default; I'm just saying that those are the highest-risk mortgages and that we monitor them very closely for default.
On October 30th, 2023. See this statement in context.
On October 30th, 2023. See this statement in context.
October 30th, 2023 / 12:35 p.m.
President and Chief Executive Officer, Canada Mortgage and Housing Corporation
Yes. I'm not predicting that 2% will default; I'm just saying that those are the highest-risk mortgages and that we monitor them very closely for default.
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