The typical mortgage payment could be 30% higher in 5 years, the Bank of Canada warns
High house prices and the associated debt burden are a major vulnerability for Canada’s economy, the Bank of Canada said Thursday, warning buyers who bought during the pandemic that the impact of Even slightly higher mortgage rates could be dramatic. In its review of the financial system, the central bank said that while the country’s …
The typical mortgage payment could be 30% higher in 5 years, the Bank of Canada warns Read More »