Mortgage Crisis Looms in Canada: Arrears Rates Surge by 50%, and It’s Just the Beginning. Even Earning $100K+ Are Drowning in Housing Costs.
1/ Mortgage Meltdown Incoming? The share of 🇨🇦 mortgages in arrears (90+ days overdue) has jumped 50% since hitting historic lows. The latest rate of 0.21% might seem small, but here’s why it’s a ticking time bomb for the housing market. pic.twitter.com/ZPhxPWHTQF — Shazi (@ShaziGoalie) January 4, 2025 3/ For context, the number of mortgages …