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Mortgage Delinquency Rates Grew Faster Than Any Other Debt Type In May
(www.investopedia.com)
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this post was submitted on 18 Jul 2025
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In Canada, this is also happening. I think 2/3 of all the debt in the country is mortgage. Another crisis is coming...
Canada might actually be in a worse situation because mortgages are given for only 3-4 years and people have to keep renewing them at whatever rates are available at the time. At least in the US, you can get a mortgage for 20-30 years and you know what your rates are.