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Record rise in Ontario mortgage delinquencies stem from COVID-era interest rates

Record rise in Ontario mortgage delinquencies stem from COVID-era interest rates

While many Canadians are having financial troubles, no where are they more acute than in Ontario, according to a new report from Equifax. The company, which monitors consumer credit, says Ontarios mortgage delinquency rate rose to 0.24 per cent in the first three months of 2025, a massive 71.5 per cent increase from that same time period in 2024. Kathy Catsiliras, vice president of analytical consulting at Equifax, said Wednesday Ontarians are paying the piper for the low rates that were seen during the COVID-19 pandemic. We had ultra-low interest rates which led to a very hot housing market and specifically, we saw a lot of folks going out again in many cases purchasing properties and taking on a mortgage, she explained.

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Re/Max Canada cuts ties with Calgary’s Re/Max Central

Re/Max Canada cuts ties with Calgary’s Re/Max Central

In a separate message to Re/Max Central associates, managing broker David Lem confirmed the termination and emphasized the brokerage remains licensed with Alberta’s real estate regulator. “This morning, we received official notification from Re/Max Canada that the franchise agreement for Re/Max Central has been formally terminated, effective immediately,” Lem wrote. “This does not affect our status as a brokerage registered with RECA, our trust or commission accounts and is still operating as a licensed brokerage.

5 months ago
Northern Ontario real estate offers quirky finds along Highway 11

Northern Ontario real estate offers quirky finds along Highway 11

From Temiskaming Shores to Hearst, real estate along Northern Ontario’s Highway 11 corridor is anything but ordinary. A quick glance at current listings reveals everything from colourful homes and lakeside businesses, to a vacant lot where the only trace of the former house is its standing chimney. In Fauquier-Strickland, a vibrant home splashed in pink, turquoise, and lime green just hit the market for $199,900. Listed less than a week ago, the home comes with property taxes that are just over $1,500 a year. The Lakehouse on Sesekinika Lake is on the market for $849,000. With 430 feet of shoreline on 3.2 acres, this commercial-residential hybrid includes a restaurant, bar, event space, and four motel units. It’s been on the market for four days and comes with annual property taxes just under $1,000.

5 months ago