Mortgage Meltdown Incoming? Canada’s Ticking Debt Bomb
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Mortgage Meltdown Incoming? Canada’s Ticking Debt Bomb
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About this listen
🎧 Episode Description:
Canada is now one of the top 3 most indebted nations in the world—right behind Switzerland and Australia. The bulk of household debt is no related to consumer spending. Rather its mortgage debt. And while we’re quietly suffocating under record mortgage loads, the CMHC - the mortgage insurance backstopped by the Canadian taxpayer - is busy extending amortization periods. The question every Canadian investor should be asking is: Are we heading for a mortgage debt reckoning? And, what happens when house prices go down, leaving consumers underwater?
If you're a homeowner, investor, or just someone watching housing affordability slip further away—you'll want to understand where the risks are.
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