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Canadians prioritize mortgage payments over other debts, say experts—CBC News

A low national delinquency rate on mortgages could be hiding other serious struggles says Credit Canada CEO, Laurie Campbell in this article for CBC News where she discusses why homeowners will do anything to make their mortgage payments, including missing other debt payments, and how that impacts their overall finances. She explains that when people become house poor, they'll do anything to hold onto their home, including relying on high-interest credit to bridge the gap, such as credit cards. Unfortunately, doing this increases consumers’ risk of running into debt trouble.