Is Canada at risk of wave of mortgage defaults?

The rise of people using private lenders for their mortgage in Canada may spell trouble amid falling house prices and rising interest rates.

Subscribe to CTV News to watch more videos:

Connect with CTV News:
For the latest news visit:
For a full video offering visit the CTV News Network:

CTV News on Facebook:
CTV News on TikTok:
CTV News on Twitter:
CTV News on Instagram:
CTV News on Reddit:


CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.

18 comments

  1. as someone with a home, I keep hearing this is going to happen but it never does. When is the collapse going to finally happen???

  2. Demand is still too high though and immigration is fueling that fire big time. My friend and his fiance are putting in offers on homes in Scarborough and the sellers are getting tons of offers, almost all of which are over asking. The only way prices will come down is if there’s a tsunami of sellers (and/or defaults).

    1. If you can’t afford one at 6% you will never qualify at 10%… Prices won’t drop that much so that’s just wishful thinking.

    2. @Gary Stavely I can not afford $1.2 million townhouse in Oakville… may be I can get a deal once these foreclosures starts happening.

  3. The defaults will be coming for 4 years. Anyone that has to renew is looking at higher interest rates. This really sucks but if the government keeps it’s promise and does not further increase rates this year it will reduce the problem. If the government was responsible for it’s actions it would admit that it was the cause of this inflation by flooding the economy with money it did not have. Now we all have to pay for this incompetence.

  4. What’s stopping landed immigrants and dual citizens with mortgage fraud drawing on the line of credit and then fleeing at the coming downturn with the banks money??

    1. @Maurice Nelson I have the App already installed and will contact him immediately. Thanks for your swift response

    2. Wow!!! I thought I was the only beneficiary of Mr Brian trading services. His technique and strategies are the best.

    3. Same i here, i will praise mr Nelson over and over again because he has great skills, i started with $2000 and after 2week i received a returns of $6,000 then i continue with him ever since he has been delivering.

    4. @Maurice Nelson I just sent him a message now. With all the recommendations I’ve seen here, I’ll definitely give it a try.✍️✍️

  5. What might the impact be on institutional investors such as pension funds that have put a lot of money into real estate?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.