Mortgage renewals wave set to drive delinquency rates up in 2025: CMHC

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Mortgage renewals wave set to drive delinquency rates up in 2025: CMHC
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Canadian homeowners continue to face risks from a looming shock in mortgage renewals, even as the Bank of Canada lowers its benchmark interest rate, a report released Monday warns. The Canada Mortgage and House Corp.

01:26 | October 30, 202404:45 | October 24, 202402:16 | October 23, 202402:04 | October 19, 202402:01 | 8 hours ago01:56 | October 30, 202404:52 | October 24, 202401:22 | October 23, 202405:09 | October 17, 2024 said that the mortgage delinquency rate — the proportion of Canadians who have missed payments on their mortgage — continued to rise in the second quarter of 2024.

Anne Gaviola has more on this story as well as a round-up of the latest housing stories. said that the mortgage delinquency rate — the proportion of Canadians who have missed payments on their mortgage — continued to rise in the second quarter of 2024. Anne Gaviola has more on this story as well as a round-up of the latest housing stories.9 hours ago11 hours ago9 hours ago4 days ago5 months ago

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