Will Canadian Mortgages Fall Into Foreclosure?
There has been a lot of talk that we will have a bunch of mortgages that will fall into foreclosure because people can't keep up with new payments once renewing in the post-pandemic rates.... but that simply isn't true.
In Canada, we are doing an incredible job of keeping up with our mortgage payments, which means great things for our economy. It also means if you were sitting back and waiting to scoop up a bunch of foreclosure sales... they simply aren't coming your way.