Hour 2 Amanda Lang discusses Ontario's record setting mortgage delinquencies, Canada's unemployment rate, and tariffs. Economist Mike Moffatt from the Missing Middle Initiative discusses a report which argues that Provinces ‘hold the key’ to unlocking homebuilding. Free for All Round 1.
Moore in the Morning
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Rising Mortgage Delinquencies and Economic Stress Indicators
This chapter explores the troubling increase in mortgage delinquencies in Canada, marking a significant shift in financial priorities as individuals focus on mortgage payments over other debts. It also examines broader economic stress indicators, including missed credit card payments, reflecting a growing financial strain on many households.
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Transcript
