Mortgage Delinquency Is Low

I saw a nice article in the Globe and Mail the other day predicting that we are going to have a lot of big issues as more mortgages roll off the pandemic low rates. There are some people who will absolutely struggle as their mortgage payments go up, but we can also look at the mortgage delinquency rates over time to know that we are still doing great as a country.

As a Realtor, I have only had 2 people reach out to me with concern about the direction their payments are going, and both groups although not thrilled, were also ready and prepared to take it on and deal with it.

So if you are in that group that is waiting for everything to plummet so you can scoop up a deal, I can tell you that time will not come.