Housing market meltdown? Buckle up as Ryan and Neal tackle the rising tide of missed mortgage payments in Canada. We'll uncover the eye-opening statistics behind mortgage delinquencies and what it means for your monthly payment.
But wait, there's more! We're diving deep into historical bankruptcy data and CMHC's numbers to see if this is a bump in the road or a full-blown economic detour. Plus, we'll revisit pre-pandemic times to understand where we stand. Don’t miss out!
Show notes:
0:48 - Introduction
3:24 - Canadian mortgage delinquencies surge
11:36 - The average monthly payment increase in Canada
15:30 - Bankruptcies and Delinquency rates
18:16 - CMHC historical data across Canada breakdown
24:38 - Pre-2020 delinquency numbers
26:01 - Outro
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