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![Mortgage Nightmare in Canada: Fitch predicts defaults to rise as economy comes off rails](https://1a-1791.com/video/s8/1/2/I/1/w/2I1wi.qR4e-small-Mortgage-Nightmare-in-Canad.jpg)
Mortgage Nightmare in Canada: Fitch predicts defaults to rise as economy comes off rails
1 year ago
100
The credit ratings agency fitch is now predicting that mortgage defaults will rise as the economy heads off the rails and into a recession. The article explains how mortgage payments are increasing and the stress on household balance sheets just keeps increasing.
Persisting inflation continues to weigh on household finances as well as sky-high household debt coupled with dwindling savings and credit card debt that just keeps increasing.
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