Is The Bank Of Canada Going To Raise Rates Again?
The Canadian Real Estate Investor
00:00
The Pro Man
Nearly all mortgage holders, except for the geniuses who got 10 and 15 year terms on these record low rates will have seen their payments increase. The median payment is estimated to be 20% higher than February 2022 before rate hikes. By the way, this time last year, maybe even a little bit earlier when the rate hiking cycle started, there were articles saying payments could jump by 40%.
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