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Tag Archive: mortgage payments

Mortgage Deferrers are Weaker Borrowers: But How Much Weaker?

Six hundred thousand Canadians weren’t paying their mortgages on July 31. They were getting by with the help of lenders who agreed to postpone their payments. Not long from now, lenders are going to cut off most of those payment deferrals. The housing risk this poses was the topic of my latest Globe column, which estimated that up to 61,000...

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How Mortgage Payments Could Rise in 2020

6.2%. That’s how much Canada’s average home price could rise in 2020, according to CREA. The national average home price is already up 8.4% in the last 12 months. A country-wide average doesn’t tell the whole story, of course. The Prairies and Newfoundland are seeing much softer markets. And,economists’ 2020 consensus price growth estimate is just 3%. But given we’re...

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