
Ontario mortgage delinquencies on the rise and could climb higher still, experts warn
Mortgage delinquencies appear to be on the rise in both Ontario and the Greater Toronto Area and the numbers could get worse as Canada navigates choppy economic waters, experts say.
According to data prepared for the Canada Mortgage and Housing Corporation (CMHC) by Equifax Canada, mortgage delinquencies rose to 0.22 per cent in Ontario for the first quarter of this year. That’s up from 0.15 per cent in the first quarter of 2024 and 0.09 per cent in the first quarter of 2023.
In Toronto, the mortgage delinquency rate hit 0.23 per cent for the first quarter of 2025. That compares to 0.14 per cent for the first quarter of 2024 and 0.08 per cent for the first quarter of 2023.
The same cabal that jacked immigration rates to unprecedented levels will always find a way to destroy your economic and social well being.
They want you poor and fearful, one step away from being homeless and willing to work for the cheapest wage possible.
Ford, Carney and his pal Wiseman of Century Initiative infamy are working hard to ensure the Corporate class has ready access to slaves.
The right answer is mass deportation.
Update: Ford claims asylum seekers wait 2 years for work permits. Feds say it’s actually 45 days
The federal government is pushing back against Ontario Premier Doug Ford’s claim it takes two years for an asylum seeker to be given the right to work in Canada, saying the average processing time is actually less than two months.
Ford made the claim on Wednesday afternoon at the end of a three-day leaders’ summit in Huntsville, Ont., where the country’s premiers agreed to look at ways to use their constitutional powers to hand out work permits.
Who’s zoomin who?