shockedcanadian
Diamond Member
- Aug 6, 2012
- 43,967
- 43,000
- 3,605
Trump and his team know too much now. They are aware of the abuses of citizens rights as I have experienced. They are aware of the hatred spread against America by police apparatuses and their family members. They are aware of the lawfare used to destroy lives of Canadians from the cradle to the grave. They are aware of the economic collapse that this covert caste system has done to Canada, our entire economy now smaller than the state of Texas while the Police State expands.
Don't blame me, I'm just the Messenger. As the old commercial, "I'm not only a Messenger for what is going on in Canada, I'm also a client".
According to opposition leader Pierre, 1/2 of Canadians are near bankrupt. I don't know if he is accurate or not, but I do know that the Security Industrial Complex is booming:
www.ctvnews.ca
The country’s housing agency projects that a growing number of Canadians will struggle to make payments as they renew their mortgages this year and next. A top economist from the Canada Mortgage and Housing Corp. (CMHC) says it is monitoring the situation “very closely.”
“My overall expectation is that delinquencies and arrears will be trending upwards,” Aled ab Iorwerth, deputy chief economist with CMHC, said about the national picture, in a recent video interview with CTVNews.ca from Ottawa.
“There will be a bit of a downward pressure on the economy as people cope with these higher interest rates on mortgage renewal.”
In 2022, Canada’s mortgage delinquency rate fell to the lowest it’s been in years at 0.14 per cent, according to the CMHC, citing data from Equifax Canada. It rose to 0.22 per cent in the second quarter of this year, a slight dip from the first quarter. It was as high as 0.38 per cent in 2012.
While the number of mortgage delinquencies and arrears are at historically low levels, ab Iorwerth said, the CMHC has observed “a sharp increase” in arrears and delinquencies in some parts of the country.
The CMHC economist estimates that interest rates for homes and condos will probably be three percentage points higher than five years ago. He was not able to provide figures on how much mortgage payments could rise.
When the pandemic began in 2020, many Canadians purchased homes and condos because of the low interest rates.
Don't blame me, I'm just the Messenger. As the old commercial, "I'm not only a Messenger for what is going on in Canada, I'm also a client".
According to opposition leader Pierre, 1/2 of Canadians are near bankrupt. I don't know if he is accurate or not, but I do know that the Security Industrial Complex is booming:
Canada faces wave of mortgage delinquencies and arrears, says national housing agency
The country’s housing agency projects that a growing number of Canadians will struggle to make payments as they renew their mortgages this year and next. A top economist from the Canada Mortgage and Housing Corp. says it is monitoring the situation “very closely.”
www.ctvnews.ca
The country’s housing agency projects that a growing number of Canadians will struggle to make payments as they renew their mortgages this year and next. A top economist from the Canada Mortgage and Housing Corp. (CMHC) says it is monitoring the situation “very closely.”
“My overall expectation is that delinquencies and arrears will be trending upwards,” Aled ab Iorwerth, deputy chief economist with CMHC, said about the national picture, in a recent video interview with CTVNews.ca from Ottawa.
“There will be a bit of a downward pressure on the economy as people cope with these higher interest rates on mortgage renewal.”
In 2022, Canada’s mortgage delinquency rate fell to the lowest it’s been in years at 0.14 per cent, according to the CMHC, citing data from Equifax Canada. It rose to 0.22 per cent in the second quarter of this year, a slight dip from the first quarter. It was as high as 0.38 per cent in 2012.
While the number of mortgage delinquencies and arrears are at historically low levels, ab Iorwerth said, the CMHC has observed “a sharp increase” in arrears and delinquencies in some parts of the country.
The CMHC economist estimates that interest rates for homes and condos will probably be three percentage points higher than five years ago. He was not able to provide figures on how much mortgage payments could rise.
When the pandemic began in 2020, many Canadians purchased homes and condos because of the low interest rates.
