US Edition
Mortgage renewals will strain Canadians, but most will manage: TD report
- Mortgage renewals are expected to strain Canadian households, according to a report by TD Bank.
- Maria Solovieva states that borrowers who locked in low rates in 2020 will renew at higher rates and payments.
- Mortgage interest payments declined by an average of 1.7 percent over the last two quarters, resulting in a contraction in total mortgage payments.
- Delinquency rates for non-mortgage borrowers are climbing quickly, indicating a concerning trend in this segment.
Insights by Ground AI
Does this summary seem wrong?
17 Articles
17 Articles
Prince George Citizen+15 Reposted by 15 other sources
Mortgage renewals will strain Canadians, but most will manage: TD report
TORONTO — A report by TD Bank suggests mortgage renewals are expected to strain Canadian households, but most borrowers will manage albeit with less financial flexibility.
·Prince George, Canada
Read Full Article
Coverage Details
Total News Sources17
Leaning Left5Leaning Right2Center1Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
13%
R 25%
Factuality
To view factuality data please Upgrade to Premium
