mortgage delinquency News and Articles | My Blog
B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says
3/5/2024 | Posted in Financial Health by Paul DeAdder
Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023.
... MoreMortgage renewals could cause severe downturn
10/7/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated.
... MoreCanada braces for higher mortgage defaults
4/21/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder
Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More
Mortgage market suffers 'extended chill' says Equifax
6/17/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities.
... MoreRegulator defends mortgage stress test in face of pushback from industry
6/11/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices.
... MoreDelinquency rates hold steady even as credit market grows
5/23/2019 | Posted in Financial Health by Paul DeAdder
The Canadian credit market has grown but it appears that consumers are generally managing their debt well.
... MoreMortgage delinquencies on the rise
3/6/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
More Canadians are running into serious issues with their mortgage payments according to a new report.
... MoreRate hikes will push Canadian delinquencies higher
10/21/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
A slowing economy and rising borrowing costs will probably push Canadian delinquency rates higher in coming months, according to the country’s largest credit reporting ... More
8 in 10 mortgage holders have high credit scores
10/2/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation.
... More