Mortgage delinquency rates in Ontario exceed $1B. Should we be concerned?

are costing people more than ever before, with an economist warning the numbers seen in the province are "notably above those observed" pre-pandemic.

"In the five years or so before 2023, the share of mortgages in arrears was half that of the national average," Battaglia said. "There is space for delinquency rates to drift a little bit higher before we need to sound any kind of alarm bells."However, an estimated 34,000 households in Ontario missed a mortgage payment in Q1 of 2024 -- a 23 per cent increase from the first quarter of last year.

Canada looks on track to meet NATO's military spending guideline soon, Defence Minister Bill Blair said Friday, notably by boosting investment in the Arctic near its shared border with Russia as the region warms quickly due to climate change.Prime Minister Justin Trudeau is headed into the second day of the G7 leaders' summit, which will feature a special appearance by Pope Francis.

If certain goals that are in the Paris Climate Accord aren't met, the existence of polar bears in the Hudson Bay may come to an end.In an attempt to invite one of the most popular recording artists in the world to the land of living skies – the City of Swift Current has offered to rename itself in honour of Taylor Swift.More than a dozen dogs arrived by Cargojet early Thursday morning to the People for Animal Wellbeing Shelter to find a permanent place to call home in New Brunswick.

Ontario is planning to open its newest provincial park to the public free of charge on Canada Day as work continues on forming a permanent vision for the site.Calgary Mayor Jyoti Gondek says the city is facing an "urgent crisis" as work continues to repair a water main break last week that triggered city-wide water restrictions.There is a reason the phrase "the perfect storm" was coined, and Friday will be a boom or bust day to prove it.

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