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Toronto Homeowners Face Mortgage Shock | Toronto News
Toronto homeowners locked in pandemic-era low mortgage rates are bracing for a financial shock as renewals hit — with monthly payments soaring and anxiety levels climbing. Nearly 40% of Torontonians surveyed feel more stressed now than before, as delinquencies rise and power of sale cases increase. While the stress test helped cushion some, many can’t afford the new rates. This wave affects 12% of Canadian mortgages, but Toronto’s market is especially vulnerable — and experts warn defaults could linger for another year. Listen in comfort:Get a discount on a Soli Pillow…
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