Monday, May 4th, 2026

Will Mortgage Debt Lead to Another Financial Crisis?

Will Mortgage Debt Lead to Another Financial Crisis?

Canadian mortgage debt has grown too heavy and will likely result in a financial crisis, says a Vancouver-based housing market analyst.

“It gets harder to service the debt, and history is very clear: when you have a massive amount of household debt, debt servicing becomes difficult, even at negative interest rates,” said Steve Saretsky. “It can lead to a financial crisis—that’s proven itself throughout history. In Canada, it’s a systemic problem. I think housing now is too important to the Canadian economy, which is why the government... [READ MORE] 

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