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📈 Despite falling inflation and lower interest rates, Canadians are struggling with mortgage payments due to financial stress. In this video, we’ll break down the impact of rising interest rates on first-time homebuyers and low-income Canadians, particularly those renewing their mortgages in 2024-2026. Learn how to navigate the renewal period, reduce monthly payments, and avoid financial stress.
📊 Key statistics:
💸 11,000 Ontarians missed a mortgage payment last quarter.
💪 The delinquency rate almost doubled in Ontario year-over-year and jumped around 40% in BC and Quebec.
🤝 More than 3/4 of all mortgages in Canada fall within the renewal period from 2024 to the end of 2026.
Get personalized advice on your mortgage renewal today! Visit FrontMortgage.ca for expert guidance and explore our range of renewal options. #MortgageRenewal #FinancialHealth
