national account balance sheet

Mortgage interest payments up nearly 90% since start of BoC rate hikes: StatCan

December 13, 2023 No Comments

Mortgage interest payments have now soared nearly 90% since the Bank of Canada started hiking interest rates in early 2022.

Mortgage interest costs now up over 80% since the start of the BoC’s rate hikes

September 13, 2023 No Comments

Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest rates.

Mortgage debt taking up a record share of income

March 14, 2023 No Comments

Borrowers are now spending roughly $1 out of every $13 of their disposable income on servicing their mortgages. That’s according to Statistics Canada’s fourth-quarter national

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national account balance sheet

Mortgage interest payments up nearly 90% since start of BoC rate hikes: StatCan

Mortgage interest costs now up over 80% since the start of the BoC’s rate hikes

Mortgage debt taking up a record share of income

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