From Low to High: Navigating Canada's Shifting Mortgage Landscape

The breakdown on the most recent CMHC report Shorter mortgage terms gain popularity as borrowers anticipate future rate cuts, with over half of new mortgages opting for shorter fixed-rate terms⁠ Canada faces significant risks with 1.2 million mortgages set to renew in 2025, potentially causing financial stress for homeowners transitioning from historically low rates⁠ ⁠​Rising delinquency rates in non-mortgage credit products serve as early warning signs of broader financial stress among Canadian households⁠ See omnystudio.com/listener for privacy information.