Tag: #InterestRates
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Insolvency volumes hit highest rates since 2009, Equifax warns
Insolvency volumes hit highest rates since 2009, Equifax warns I’m watching a clear warning sign in Canada’s consumer credit market: Equifax says insolvency volumes hit their highest level since 2009, with homeowners under the most strain. The pressure is showing up in higher homeowner insolvencies, more consumer proposals, and rising delinquent balances, especially in high-cost… Read more
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Between 2.1 and 2.4 million Canadian households are renewing in 2025–2026, representing about 60% of all mortgages, with many seeing 6–20% payment increases and some up to 40%.
Between 2.1 and 2.4 million Canadian households are renewing in 2025–2026, representing about 60% of all mortgages, with many seeing 6–20% payment increases and some up to 40%. A fixed-rate borrower who locked at around 1.4% in 2020 and renews near 3.9–4.0% today can see annual payments rise by nearly $7,000, which is a serious… Read more
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Your Mortgage Renews in 2026? Why Many Ontario Homeowners Face 15–20% Higher Payments And How I Can Help You Fight Back
Your Mortgage Renews in 2026? Why Many Ontario Homeowners Face 15–20% Higher Payments And How I Can Help You Fight Back If your mortgage renews in 2026, you could be looking at monthly payments that are 15–20% higher than what you locked in during the low-rate years. Across Canada, millions of borrowers are rolling off… Read more
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Canadian Housing Crash Coming?
Canadian Housing Crash Coming? 😬 November home sales in Canada just dropped almost 11% year-over-year, with prices softening and buyers and sellers stuck in a tense holding pattern heading into 2026. 😱 Higher rates, shaky confidence, and growing inventory are quietly reshaping the market—this lull could be the calm before a much bigger storm in… Read more
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GTA Home Sales Plunge 48%: Historical Low in July 2025
GTA home sales plunged to 359 units in July, a 48% drop from last year, driven by high interest rates. Read more
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Mortgage Delinquencies on the Rise!
RBC notes rising mortgage delinquencies in the GTA as interest rates strain homeowners, highlighting the need for mortgage options. Read more