Rising mortgage renewals and higher interest rates are putting pressure on homeowners across Canada. As payments climb, some are falling behind, leading to more power-of-sale listings and declining property values in certain areas. Many who bought during low-rate years now face tough choices: sell at a loss, refinance, or carry heavier payments. This growing trend could ripple through the housing market, affecting prices, equity, and financial stability nationwide.
Mortgage Delinquencies Surge By 60% As Banks Begin Taking Homes Under Power Of Sale
