• From Low to High: Navigating Canada's Shifting Mortgage Landscape

  • Nov 15 2024
  • Length: 53 mins
  • Podcast

From Low to High: Navigating Canada's Shifting Mortgage Landscape

  • Summary

  • The breakdown on the most recent CMHC report

    • Shorter mortgage terms gain popularity as borrowers anticipate future rate cuts, with over half of new mortgages opting for shorter fixed-rate terms⁠
    • Canada faces significant risks with 1.2 million mortgages set to renew in 2025, potentially causing financial stress for homeowners transitioning from historically low rates⁠
    • ⁠​Rising delinquency rates in non-mortgage credit products serve as early warning signs of broader financial stress among Canadian households⁠

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