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Mortgage renewals wave set to drive delinquency rates up in 2025: CMHC - National | Globalnews.ca

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Summary
Nutrition label

70% Informative

Canada Mortgage and Housing Corp. says mortgage delinquency rate continues to rise in second quarter of 2024 .

Delinquency rate on mortgages is still “well below” the 0.28 per cent seen pre-pandemic in 2019 .

Auto loans saw a “significant increase” in delinquency rates in the second quarter , rising to 2.42 per cent from 2.11 per cent in previous quarter .

VR Score

81

Informative language

88

Neutral language

2

Article tone

semi-formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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