Mortgage Worries Grow as More Struggle with Payments, Cut Savings

15% of mortgage borrowers now say monthly payments are "very difficult", up from 11% in June and 8% in March.

79% worried about facing higher mortgage payments when renewing, especially those with fixed rates.

About half feel they are in a worse financial position than last year.

While most are still paying mortgages, households are strained and cutting savings.

Payments being prioritized but leaving less money for RRSPs, RESPs and other important savings.