Bashar Mahfooth

How Your Loans and Spending Habits Impact Your Credit Score

4/6/2026 | Posted in Financial Health by Bashar Mahfooth
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A mix of loans can either strengthen or weaken your credit score, depending on how you manage spending and payments. Because credit cards, car loans, and mortgages affect scores ... More

Canada Living, Credit Score, Household Debt, Mortgage Debt, NonMortgage Debt

Mortgage stress starting to surface as Canada enters peak renewal cycle

3/17/2026 | Posted in Mortgages and Real Estate by Bashar Mahfooth
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Severe mortgage delinquencies jumped in late 2025 even as the overall rate stayed low, new Equifax data shows, offering an early signal of strain as Canada enters peak mortgage ... More

Bank of Canada Benchmark Rate, Home Owners, Mortgage Arrears, Mortgage Consumers, Mortgage Debt, Mortgage Delinquency, Mortgage Renewals, Mortgage Trends, Stress Test

Bank of Canada signals rates could rise even in a slowdown

3/2/2026 | Posted in Mortgage Interest Rates by Bashar Mahfooth
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The Bank of Canada opened the door to future rate hikes even in a soft economy, a message that underscores just how uncertain the path ahead remains for mortgage borrowers. ... More

Bank of Canada, Bank of Canada Benchmark Rate, Mortgage Consumers, Mortgage Debt, Mortgage Interest Costs, Mortgage Rate Forecast, Mortgage Rates Canada, Mortgage Trends, Variable Rate Mortgages

Mortgage debt soars while starter homes get out of reach for many Canadians

2/24/2026 | Posted in Canada Living by Bashar Mahfooth
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Canadians took on more mortgage debt last year, with the total debt hovering close to $2 trillion in 2025, a report by Equifax Canada shows. ... More

Canada Living, Mortgage Arrears, Mortgage Consumers, Mortgage Debt, Mortgage Delinquency, Mortgage Interest Costs, Mortgage Rates Canada, Mortgage Renewals

Here's how homeowners are coping with mortgage renewals in a choppy economy

2/13/2026 | Posted in Home Sellers by Bashar Mahfooth
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Rising delinquencies made renewal decisions far less forgiving ... More

Home Owners, Home Ownership, Mortgage Arrears, Mortgage Consumers, Mortgage Debt, Mortgage Delinquency, Mortgage Interest Costs, Mortgage Renewals

Toronto is fast becoming Canada's hotspot for mortgage arrears

2/12/2026 | Posted in Toronto News by Bashar Mahfooth
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The city's pace of mortgage delinquencies has surged ahead of the rest of the country, despite remaining low by historical standards ... More

Mortgage Debt, Mortgage Delinquency, Toronto Condo Market, Toronto Living, Toronto Real Estate

Mortgage brokers share options for homeowners facing a mortgage non-renewal

2/12/2026 | Posted in Mortgage Advice by Bashar Mahfooth
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Getting your mortgage renewed can be stressful for some homeowners, but getting a non-renewal from your lender can take that stress to a whole new level. ... More

Home Owners, Mortgage Advice, Mortgage Consumers, Mortgage Debt, Mortgage Renewals

Rising mortgage costs put Canadian homeowners at risk

11/4/2025 | Posted in Home Owners by Bashar Mahfooth
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A growing number of Canadians could face difficulties making mortgage payments when they renew their loans this year and next, according to a new report. ... More

Home Owners, Mortgage Consumers, Mortgage Debt, Mortgage Renewals

Young families' mortgage balances drop despite rising housing costs

7/30/2025 | Posted in Mortgages and Real Estate by Bashar Mahfooth
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New data reveals a surprising shift in under-35 homeownership trends ... More

First Time Home Buyers, Home Buyers, Home Buying Parental Support, Mortgage Consumers, Mortgage Debt, Mortgage Trends

Stormy economy could lead to higher strain in Canada's mortgage market

6/16/2025 | Posted in Canadian Economy and Interest Rates by Bashar Mahfooth
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CMHC isn't sounding the alarm on the mortgage outlook, but its deputy chief economist flagged some 'warning signs' as Trump's tariff chaos continues ... More

Canada Mortgage and Housing Corporation, Canadian Debt, Household Debt, Mortgage Amortization, Mortgage Consumers, Mortgage Debt, Mortgage Delinquency, Mortgage Interest Costs

Ontario delinquencies reach alarming highs amid mortgage renewal surge

5/28/2025 | Posted in Financial Health by Bashar Mahfooth
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Ontario’s mortgage delinquency rate soared to record highs in the first quarter of 2025, marking the most severe year-over-year spike in the country and raising red flags ... More

Household Debt, Mortgage Consumers, Mortgage Debt, Mortgage Delinquency, NonMortgage Debt, Personal Finance

Retiring mortgage free? Not the reality for many Canadians

5/27/2025 | Posted in Financial Health by Bashar Mahfooth
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Millions of Canadians are facing retirement with a tough housing choice: downsize or continue to make monthly mortgage payments. ... More

Canadian Seniors, Mortgage Consumers, Mortgage Debt, Personal Finance, Retirement

Canada's mortgage arrears creep back to record pandemic levels

4/1/2025 | Posted in Financial Health by Bashar Mahfooth
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Despite affordability gains, missed payments hit highest rate since early 2021 ... More

Mortgage Consumers, Mortgage Debt, Mortgage Delinquency, Mortgage Trends

OSFI warns of mortgage payment shocks as key risk to Canada's financial system

3/12/2025 | Posted in Mortgages and Real Estate by Bashar Mahfooth
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Canada’s banking regulator has flagged mortgage payment shocks as a significant risk to the country’s financial stability, citing the large volume of mortgages set for ... More

Mortgage Debt, OSFI

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