Are you struggling to pay your mortgage? We want to hear from you

Housing is top of mind for many Canadians, especially those struggling with affordability. If you are one of many Canadians having a hard time staying on top of your mortgage, we want to hear from you.

Among the new changes is a move to offer first-time homebuyers a 30-year amortization period for newly built homes. That new rule comes as a new survey from CIBC shows the majority of Canadians feel home ownership is out of reach.

Most of the new initiatives are aimed at getting more housing built, which does little to help those struggling to stay on top of payments for the homes they already own.

Recent Bank of Canada data shows new mortgages with a debt service ratio of more than 25 per cent nearly tripled between 2021 and 2023.