The market malaise has driven plenty of industry workers in the Canadian oil patch out of their jobs, but is it now squeezing them out of their homes?
A report this week raised the spectre of workers in Alberta turning in the keys to their houses and walking away from mortgages they can no longer afford.
The so-called “jingle mail” practice — of surrendering your property without any apparent further liability — has gotten the federal government’s attention due to the economic risks posed by non-recourse mortgages.
Jingle
