financial stress Archives - Mortgage Rates & Mortgage Broker News in Canada

Bank of Canada warns of potential household strain as mortgage renewals peak and trade war risks linger

May 8, 2025 No Comments

Canada’s financial system may be holding steady, but rising household debt and looming mortgage renewals are emerging as critical risks, the Bank of Canada warns in its 2025 Financial Stability Report.

Paying down debt top financial priority for Canadians in 2025: CIBC poll

December 30, 2024 No Comments

CIBC says paying down debt is the top financial priority for Canadians heading into 2025.

OSFI holds domestic stability buffer at 3.5%, cites stable but lingering risks

December 17, 2024 No Comments

Canada’s banking regulator announced no change to the amount of capital banks must keep on hand to cover potential future losses.

Mortgage arrears forecast to rise in Toronto and Vancouver

Toronto and Vancouver mortgage arrears set to hit highest levels in 10 years, CMHC warns

November 14, 2024 1 Comment

Mortgage arrears in Toronto and Vancouver are on track to rise to levels not seen in over a decade, according to a new forecast from Canada’s housing agency.

RBC sees rise in mortgage delinquencies as ‘pockets of stress’ emerge in portfolio

June 16, 2024 No Comments

While RBC says most of its clients remain resilient despite higher interest rates and rising payments, the bank acknowledges ‘pockets of stress’ among select borrowers.

Younger homeowners more likely to be financially stressed: survey

June 13, 2024 No Comments

Roughly six in 10 Canadians with a mortgage are financially stressed, with younger homeowners more likely to be under pressure.

Despite the BoC’s growth outlook, Canadians are bracing for recession: TransUnion

July 12, 2023 No Comments

While the Bank of Canada’s latest growth forecasts remain positive for the year ahead, Canadians aren’t taking any chances.

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