Comments on: Canadian Mortgage Debt Growth Is The Slowest In Two Decades. Is It Too Slow? https://betterdwelling.com/canadian-mortgage-debt-growth-is-the-slowest-in-two-decades-is-it-too-slow/ Canada’s Fastest Growing Real Estate News Source Sat, 25 Nov 2023 04:40:13 +0000 hourly 1 By: Jay https://betterdwelling.com/canadian-mortgage-debt-growth-is-the-slowest-in-two-decades-is-it-too-slow/#comment-92787 Sat, 25 Nov 2023 04:40:13 +0000 https://betterdwelling.com/?p=24304#comment-92787 In reply to Sumskillz.

I read that there’s 6 million active mortgages in Canada with 1.2 million renewing every on average. The 2.4 million caught by this rapid mortgage rate increase are facing the worse of it, especially if they bought within the last five years.

Let’s see how many of them are investors and speculators. That would dictate the rate of sell off since they account for 2/5 condo mortgages since 2016/2017 (480,000 / yr).

]]> By: Sumskillz https://betterdwelling.com/canadian-mortgage-debt-growth-is-the-slowest-in-two-decades-is-it-too-slow/#comment-92702 Fri, 17 Nov 2023 20:52:23 +0000 https://betterdwelling.com/?p=24304#comment-92702 Are more new mortgages being written than the number of mortgages being paid off?

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