Canadian real estate might be seeing higher prices, but more buyers can’t pay their bills. Equifax data reveals the mortgage delinquency rate climbed in Q1 2023. Households are also increasingly falling behind on payments, a sign that further mortgage delinquencies are in the pipeline. This is occurring as lenders scramble to extend the length of […]
I’m guesstimating that delinquencies will peak in 2025 or 26. Those locked in sub 2% mortgage rates will need to get renewed at some point.
that’s what I’m expecting as well