What's The Worst Case Scenario For Real Estate In 2023
The Canadian Real Estate Investor
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The size and volume mortgage is coming up for renewal is remains a key risk. Survey data found that among new mortgages last year, 56% had fixed rates compared to 62% in 2021. Despite the surge in popularity of variable rate mortgages during the pandemic, most Canadians are not immediately subject to interest rate variation close to 70% of the surveyed reported having fixed rate mortgages.
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