Toronto mortgage delinquencies hit 9-year high, doubling in one year.

1/ The GTA just hit a mortgage crisis milestone. Delinquency rates (90+ days overdue) have surged 166% since 2022, reaching levels not seen since 2015. pic.twitter.com/Ts3PH0dhHM

— Shazi (@ShaziGoalie) January 2, 2025

3/ What does this mean?

A rising delinquency rate reflects collapsing market liquidity.

Homeowners, unable to sell quickly or profitably, are defaulting instead.

— Shazi (@ShaziGoalie) January 2, 2025

6/ The underlying issue:

Rising crime, vacant commercial districts, and speculative pricing have paralyzed the market.

Prices remain stubbornly high, delaying the recovery phase.

— Shazi (@ShaziGoalie) January 2, 2025

Link:https://t.co/K6vIOnOfJH

— Shazi (@ShaziGoalie) January 2, 2025

Toronto real estate is not just cooling.

It's freezing over, with cracks showing at the foundations.

— Shazi (@ShaziGoalie) January 2, 2025