Canada's $3 Trillion Problem – Insolvencies Spike as Prices Fall

#canadianeconomy #bankofcanada #canadanews Canada’s insolvencies are spiking just as home prices are falling – exposing a problem that as long “papered over” by the Bank of Canada: Rising levels of Canadian debt. Links: Canadian Consumer Insolvencies Only Surpassed By 2010 & 2020 Peaks: https://betterdwelling.com/canadian-consumer-insolvencies-only-surpassed-by-2010-2020-peaks/ Canadians missing more payments, as one default rate reaches crisis-era level: https://www.theglobeandmail.com/investing/personal-finance/article-mortgage-credit-card-debt-payments/ Bank of Canada Interest Rate Announcement: https://www.bankofcanada.ca/2025/06/bank-canada-interest-rate-announcement-june-4-2025/?utm_source=alert&utm_medium=email&utm_campaign=FAD250604 Insolvency Statistics in Canada—March 2025: https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/statistics-and-research/insolvency-statistics-canada-march-2025 Statistics and research: https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/statistics-and-research How the Economy Influences Bankruptcy and Vice Versa: https://www.lawnow.org/how-the-economy-influences-bankruptcy-and-vice-versa/ Housing collapse drives up consumer bankruptcies: https://www.epi.org/publication/snapshots_20090408/ Non-Mortgage Delinquencies Reach Levels Not Seen Since 2009: https://www.equifax.ca/about-equifax/newsroom/-/intlpress/non-mortgage-delinquencies-reach-levels-not-seen-since-2009? Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada: https://fred.stlouisfed.org/series/LRUNTTTTCAM156S These eight data points show how Trump's trade war is already affecting the Canadian economy: https://financialpost.com/news/economy/how-trump-trade-war-affecting-canadian-economy Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.