Mortgages

Insider: CMHC And Equifax Sound The Alarm On Canada’s Mortgage Market

Household debt in Canada has climbed to $2.55 trillion, while non-mortgage debt hit a national average of $21,859 per consumer. For a country already stretched thin by high housing costs, inflationary pressures, and rising unemployment, these are not just numbers – these are cracks beginning to show on the surface of Canada’s economy.