More Homeowners Could Face Mortgage Payment Defaults
Homeowners are encouraged to consider the risk of not being able to afford their future mortgage payments, writes Peter Watson. There are troubling signs that more people will be unable to make mortgage payments on their house. During the last quarter of 2024, there were 11,000 mortgage delinquencies in Ontario. That is almost 3 times […]
Mortgage Payments Are Becoming Challenging
The most significant challenge for some over the next few years is making their mortgage payments, writes Peter Watson. Many have already experienced the effect of higher interest rates. The lucky ones have locked in a specific mortgage rate that has not come due, but that day is coming. There are several realities to homeownership. […]