Office of the Superintendent of Financial Institutions states higher risk ahead. For consumers, higher borrowing costs create mortgage challenges. Home prices in Canada rose steadily for years with few price corrections, then…
Month: October 2023
Mortgage Payment Term Shock
People are finding it hard to believe what the several recent interest rate hikes have turned their Variable mortgages into. Peter Routledge, head of Canada’s banking regulator, warned in September that this…