Mortgage

• Almost 900K American households are late on mortgage payments, report says

  Around 878,000 American households were either late on their home loan payments for more than 90 days or were in foreclosure at the end of January, a new report has warned.

  Economy

  Mar 27
  
• Mortgage debt soars while starter homes get out of reach for many Canadians

  In addition to higher mortgage costs, new homebuyers are also struggling with the cost of buying starter homes in today’s housing market, a new report shows.

  Money

  Feb 24
  
• Advertisement
• Toronto, Vancouver show biggest signs of mortgage stress: CMHC

  CMHC says it sees signs of financial stress among homeowners in Toronto and Vancouver, with missed mortgage payments projected to steadily increase. 

  Economy

  Feb 5
• Advertisement
• Are mortgage rates getting cheaper? Depends on where you live

  While borrowing costs remained largely stagnant in late March and early April, plummeting home sales across Canada contributed to improved affordability.

  Canada

  May 23, 2025
• Could 10-year mortgage terms help ease ‘payment shock’ for Canadians? What to know

  Desjardins 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.

  Money

  May 14, 2024
• Canada’s housing affordability sees significant ‘deterioration,’ report says

  The 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.

  Economy

  Nov 1, 2023
• Stress test: 4 in 5 Canadian mortgage holders worried about payment hikes

  With 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.

  Economy

  Oct 23, 2023
• ‘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."

  Economy

  Oct 2, 2023
• Advertisement
• Interest rates expected to stay higher for longer. What that means for your mortgage

  Borrowers 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 Canada

  Consumer

  Oct 2, 2023
• Advertisement
• B.C. mortgage calculator: A simple way to examine interest rate changes

  Global 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.

  Money

  Jul 12, 2023