Is the mortgage cliff finally here? Ruth, Evelyn, and Sandy look at the real mortgage delinquency numbers in Ontario and explain why the feared wave of power of sales hasn't shown up. They cover why the stress test protected homeowners more than anyone expected, where hidden financial risk is actually building, and what they're personally seeing while showing homes across Caledon, Brampton, and the GTA. The conversation moves into the housing market, covering rising showings, buyer confidence, and why buying and selling in the same market protects you more than people realize. If you've been waiting for the market to move before you make your next decision, this episode gives you the real picture.
Everyone's been bracing for a mortgage cliff. Ruth, Evelyn, and Sandy dig into the actual numbers this week, and they tell a different story than the headlines do. CMHC data shows arrears sitting around 0.22 to 0.24 percent, which is historically low, not a wave of defaults waiting to break.
The hosts explain why the stress test, once dreaded, quietly protected homeowners renewing at today's rates. They also flag where real risk hides: second mortgages, private lenders, and HELOCs stretched to cover a car payment or a vacation, none of which show up in the big bank numbers.
From there, the conversation turns to what's actually happening on the ground. Showings are up. Buyers are circling condos again. Sellers and buyers have been stuck in a standoff, each waiting for the other to blink. The hosts break down why the current mix of low prices, low rates, and steady inventory already adds up to a healthy market, and why waiting for "better" might cost more than it saves.