shockedcanadian
Diamond Member
- Aug 6, 2012
- 38,136
- 36,666
- 2,905
The collapse is near. Canada, lead by Ontario will borrowing hundreds of billions to engage in diplomacy in Europe. Europe will happily take our cash while not buying our products.
America will be facing many from Canada looking for liberty. You are the West Germany to our East Germany. The collapse will occur. People working two jobs just to keep a roof over their heads as the Creepy Ones destroy our economy and best men.
www.thestar.com
More Ontarians are missing mortgage payments than at any time since Equifax started tracking them in 2012, according to new data from the credit agency.
“Delinquencies are really still rising on the mortgage side,” said Rebecca Oakes, vice-president of advanced analytics at Equifax Canada.
“We’re still very concerned about those.”
Ontario’s 90-plus day mortgage delinquency rate rose 71.5 per cent since the first quarter of 2024, to 0.24 per cent from 0.14 per cent.
Alison Kemper, an associate professor at Toronto Metropolitan University’s Ted Rogers School of Management, called this “enormously concerning.”
There’s not enough missing middle housing in between larger detached homes and small condo units, prices are still very high, and what is being build is aimed at investors, she added. So people end up taking on huge debts to find a decent place to live.
“The first thing you make sure you do in life is to pay your mortgage, but people aren’t doing that, because the whole system is so broken now,” she said.
Nationally the mortgage delinquency rate is at the highest level since 2016-2017.
America will be facing many from Canada looking for liberty. You are the West Germany to our East Germany. The collapse will occur. People working two jobs just to keep a roof over their heads as the Creepy Ones destroy our economy and best men.
Ontario’s record-setting mortgage delinquencies ‘enormously concerning’
The percentage of Ontarians missing mortgage payments is the highest ever recorded, at 0.24 per cent, according to new data from credit agency Equifax Canada.
www.thestar.com
More Ontarians are missing mortgage payments than at any time since Equifax started tracking them in 2012, according to new data from the credit agency.
“Delinquencies are really still rising on the mortgage side,” said Rebecca Oakes, vice-president of advanced analytics at Equifax Canada.
“We’re still very concerned about those.”
Ontario’s 90-plus day mortgage delinquency rate rose 71.5 per cent since the first quarter of 2024, to 0.24 per cent from 0.14 per cent.
Alison Kemper, an associate professor at Toronto Metropolitan University’s Ted Rogers School of Management, called this “enormously concerning.”
There’s not enough missing middle housing in between larger detached homes and small condo units, prices are still very high, and what is being build is aimed at investors, she added. So people end up taking on huge debts to find a decent place to live.
“The first thing you make sure you do in life is to pay your mortgage, but people aren’t doing that, because the whole system is so broken now,” she said.
Nationally the mortgage delinquency rate is at the highest level since 2016-2017.
