Nearly a quarter of Canadian mortgage holders are struggling to make payments on their homes amid cost-of-living woes and rising interest rates, according to a report from the Canada Mortgage and Housing Corporation (CMHC).
The 2023 CMHC Mortgage Consumer Survey says that in addition to 24 percent of borrowers buckling under the weight of rising monthly payments, only 55 percent believe their homes will increase in value—down from 84 percent a year ago.
