Number of households missing mortgage payments soars alongside consumer, business insolvencies

[shockedcanadian]

The collapse is inevitable, starting in Ontario as I've predicted for five years now

Police States always fail so why are you helping ours out?

Number of households missing mortgage payments soars alongside consumer, business insolvencies

The average monthly payment on renewed mortgages rose by $457 per month in the fourth quarter. In Ontario and B.C., the average increase was more than $680 per month.

www.thestar.com

It's a double whammy of evidence Canadian households are feeling the pain of higher interest rates — and the pain is rising most quickly in Ontario.

 

[DGS49]

The fallout from massive mortgage loan defaults is not entirely predictable. It could actually lead to a softening of the real estate market in Canada, which could be a good thing, eh?

 

[shockedcanadian]

The fallout from massive mortgage loan defaults is not entirely predictable. It could actually lead to a softening of the real estate market in Canada, which could be a good thing, eh?

Sure, as long s the "good ones" (see police budgets) aren't impacted.

As for the rest of the hard working and motivated..."timberrrrr"