Under-35 households lead the way in reducing mortgage debt, StatCan reports January 25, 2024 1 Comment Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. Read More »
Mortgage interest costs surge by nearly 70% in the past year June 18, 2023 No Comments Mortgage interest costs have undergone a “dramatic” surge over the past year, having risen by nearly 70%, according to Statistics Canada. Read More »
Mortgage debt taking up a record share of income March 14, 2023 No Comments Borrowers are now spending roughly $1 out of every $13 of their disposable income on servicing their mortgages. That’s according to Statistics Canada’s fourth-quarter national Read More »
The popularity of variable-rate mortgages continues to fall December 1, 2022 No Comments Now that the spread between fixed and variable rates has largely evaporated, a majority of borrowers are once again opting for fixed-rate mortgages. Read More »
