The breakdown on the most recent CMHC report
- Shorter mortgage terms gain popularity as borrowers anticipate future rate cuts, with over half of new mortgages opting for shorter fixed-rate terms
- Canada faces significant risks with 1.2 million mortgages set to renew in 2025, potentially causing financial stress for homeowners transitioning from historically low rates
- Rising delinquency rates in non-mortgage credit products serve as early warning signs of broader financial stress among Canadian households
See omnystudio.com/listener for privacy information.
The Canadian Real Estate Investor