Canada’s mortgage arrears set to plateau before declining through 2027-28: Desjardins
Arrears sat at just 0.14% during the pandemic, artificially suppressed by income support programs, payment deferral options and rock-bottom borrowing costs. As that support faded and homeowners rolled onto renewal at today’s higher rates, monthly payments jumped for many, even as the Bank of Canada’s policy rate has eased back from its 2023 high. Renewal…