Mortgage
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Toronto, Vancouver show biggest signs of mortgage stress: CMHCCMHC says it sees signs of financial stress among homeowners in Toronto and Vancouver, with missed mortgage payments projected to steadily increase.EconomyFeb 5
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Are mortgage rates getting cheaper? Depends on where you liveWhile borrowing costs remained largely stagnant in late March and early April, plummeting home sales across Canada contributed to improved affordability.CanadaMay 23, 2025
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Could 10-year mortgage terms help ease ‘payment shock’ for Canadians? What to knowDesjardins says amid interest rate hikes, if the option to lock in with a 10-year mortgage term was more promoted and available, "payment shock" would have been more manageable.MoneyMay 14, 2024
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Canada’s housing affordability sees significant ‘deterioration,’ report saysThe banking institution pointed to rising interest rates as part of the cause, and combined with a surge in home prices, the ability to afford a home is a difficult prospect.EconomyNov 1, 2023
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Stress test: 4 in 5 Canadian mortgage holders worried about payment hikesWith the current rates, four-in-five homeowners with a mortgage said they are either worried, or very worried they will face higher payments upon renewal of their mortgage.EconomyOct 23, 2023
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‘Gutted’: Amid rising mortgage rates, B.C. couple sells home to go back to renting"With one in four mortgage renewals upcoming in the next two years, there's a modified strategy at renewal time that Canadians are going to be faced with."EconomyOct 2, 2023
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Interest rates expected to stay higher for longer. What that means for your mortgageBorrowers with fixed rates are expected to see an average payment increase of between 14% and 25% next year compared with early 2022 costs, according to the Bank of CanadaConsumerOct 2, 2023
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B.C. mortgage calculator: A simple way to examine interest rate changesGlobal News has put together a mortgage calculator and some information and tips from Vancity so British Columbians can plan ahead and get the most out of their mortgage.MoneyJul 12, 2023
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Man renting home impersonates owner, applies for mortgage, takes funds: Toronto policeA man renting a home impersonated the owner, applied for a mortgage and then took the funds, Toronto police allege, and officers say the suspect may have committed similar crimes.CrimeJun 1, 2023
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‘Very scary time’: Poll finds 76% of B.C. mortgage holders worried about next renewalThree-quarters of B.C. mortgage holders said they worried their next renewal could cost them more, with 35 per cent saying they were worried it would cost "significantly more."MoneyMay 2, 2023
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