Canadians Increasingly Struggle to Keep up with Mortgage Payments, Report Says

Canadians increasingly struggle to keep up with mortgage payments, report says

Canadians are increasingly struggling to pay their mortgages, particularly in high-priced Ontario and British Columbia markets, a new report from Equifax Canada says. Mortgage delinquency balances are up 32 per cent nationally compared with last year.

Some Ontario homeowners hit ‘breaking point,’ miss mortgage payments: report

High-market prices and rates in places like the GTA are creating strain for many mortgage holders, but an Equifax official said the market is not the only factor.

More Ontarians missing mortgage payments, as balance delinquency rate jumps 52% in a year

More Ontarians are missing mortgage payments, with Brampton seeing the biggest jump in Toronto-area delinquency rates, Equifax Canada finds.