Canadian homeowners continue to face risks from a looming shock in mortgage renewals, even as the Bank of Canada lowers its benchmark interest rate, a report released Monday warns. The Canada Mortgage and House Corp. said that the mortgage delinquency rate — the proportion of Canadians who have missed payments on their mortgage — continued to rise in the second quarter of 2024. Anne Gaviola has more on this story as well as a round-up of the latest housing stories.
Economy
Mortgage renewals wave set to drive delinquency rates up in 2025: CMHC
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