Leger Marketing surveyed 4,014 Canadian home owners, including first-time buyers
The Canada Mortgage and Housing Corporation says 24 per cent of mortgage holders are having trouble paying their monthly payments, according toAnd only 55 per cent said they expect their home to grow in value over the next year compared to 84 per cent the previous year.
“A significant proportion of mortgage consumers are struggling to make ends meet and fulfill their debt obligations, especially those under 35. This context is also affecting respondents’ general mood.” Asked if they agreed, “I am comfortable with my current level of mortgage debt,” 66 said yes compared to 84 per cent last year.
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