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Rising Interest Rates, New Mortgage Rules, and Variable vs Fixed Mortgages in Canada for 2023

Build Wealth Canada Podcast

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Mortgage Stress Test

There is no 100% way that someone could possibly know that with absolute certainty. You should take the stress test seriously and make sure you can afford those payments there. Nobody predicted COVID. Who knows what kind of unexpected things will happen? The interest rate predictions are based on what we know at this point in time, but nobody predicted a once in a century global pandemic. It's very important to be prepared for unexpected financial events.

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