Banks are expecting a wave of mortgage defaults: Economists say a credit crunch could hurt us all

Tens of thousands of vulnerable households will renew their mortgage in 2026 at significantly higher rates, pushing Canada towards a recession, in a worst case scenario.

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Rising mortgage rates, tariff tensions weigh on Greater Toronto September home sales
Rising mortgage rates, tariff tensions weigh on Greater Toronto September home sales
FOCH: GTA listings are falling faster than sales and prices are still slipping
FOCH: GTA listings are falling faster than sales and prices are still slipping
FOGLIATO: Feeling overwhelmed by AI? Start here
FOGLIATO: Feeling overwhelmed by AI? Start here
Vancouver, Fraser Valley housing markets cool further in September
Vancouver, Fraser Valley housing markets cool further in September
Detached homes buck Calgary’s September slowdown
Detached homes buck Calgary’s September slowdown
This $7.75-million Victorian-era Toronto mansion is 'like a living museum'
This $7.75-million Victorian-era Toronto mansion is 'like a living museum'
Toronto-area home sales fall 9% as economic uncertainty scares off buyers and sellers
Toronto-area home sales fall 9% as economic uncertainty scares off buyers and sellers
Same Bedrooms. Different Price. What Makes One Patterson Vaughan Home Worth More?
Same Bedrooms. Different Price. What Makes One Patterson Vaughan Home Worth More?
Moving to Patterson, Vaughan? 9 Things to Know Before Choosing Your Street
Moving to Patterson, Vaughan? 9 Things to Know Before Choosing Your Street
Years after Epic Alliance shut down, Sask. regulator sanctions 2 agents tied to major real estate scheme
Years after Epic Alliance shut down, Sask. regulator sanctions 2 agents tied to major real estate scheme

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