mortgage payments as percentage of income

Mortgage payments to rise by 2025

Most mortgage borrowers to see payments rise 34% to 54% vs. early 2022: Bank of Canada

December 20, 2023 No Comments

If you had a mortgage as of February 2022, chances are you will be facing a payment increase before the end of 2025.

A man calculating his home affordability

Housing affordability continued to deteriorate in the second half of 2022

January 4, 2023 No Comments

Despite declining home prices, higher interest rates continued to push erode housing affordability in the third quarter.

↑

Close