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DBRS Morningstar Releases Canadian CMBS Monthly Statistics Report for August 2021.

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ENPNewswire-September 16, 2021--DBRS Morningstar Releases Canadian CMBS Monthly Statistics Report for August 2021

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Release date- 15092021 - DBRS, Inc. (DBRS Morningstar) released the Canadian monthly statistics report for August 2021 that illuminates delinquency and default trends in Canadian legacy and commercial mortgage-backed security (CMBS) 2.0+ transactions.

The monthly statistics report breaks down outstanding delinquencies by vintage in the Canadian market, comparing month-to-month delinquency rate changes in conduit-only CMBS transactions. The report also highlights historical loss and delinquency rate figures by vintage and province. Furthermore, information is provided for specially serviced loans, modifications, forbearance, payoffs, defeasance, loss, and loans past maturity.

As of the August 2021 remittance, the delinquent or specially serviced rate for all transaction types remained the same at 0.6% month over month. The 2012 vintage of Canadian conduit-only transactions had the highest delinquency rate at 9.0%, while the 2013 vintage had the largest delinquency by total outstanding balance at $13.5 million. Of the top 10...

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