Mortgage Delinquencies Surge By 60% As Banks Begin Taking Homes Under Power Of Sale
Rising mortgage renewals and higher interest rates are putting pressure on homeowners across Canada. As payments climb, some are falling behind, leading to…
Rising mortgage renewals and higher interest rates are putting pressure on homeowners across Canada. As payments climb, some are falling behind, leading to…
Over 2M Canadian mortgages are renewing by 2026 and most will cost much more. Many condo owners from the 2020–21 boom could see…
Canada’s housing boom is unwinding. Condo sales and starts have fallen to multi-decade lows; GTA prices are ~25% off peaks, listings up, and…
Power-of-sale listings in the GTA have doubled in a year as rising rates and strict renewals push homeowners out. Banks now recheck income…
Canada may face growing banking risks as mortgage defaults climb, especially in the Toronto area. Power-of-sale home listings have surged about 60 %…