- Aug 6, 2012
- 28,950
- 25,799
- 2,405
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?
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.
Police States always fail so why are you helping ours out?
![www.thestar.com](https://bloximages.chicago2.vip.townnews.com/thestar.com/content/tncms/assets/v3/editorial/4/9b/49ba5031-b3e6-5591-9687-4e1091db3312/65e76224af3fa.image.jpg?crop=1814%2C952%2C0%2C95&resize=1200%2C630&order=crop%2Cresize)
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.
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.