Canadian Mortgage Payments to Increase 20- 40% 😳
In this video, Langley REALTOR, Caileigh Anderson with Remax discusses the latest financial system review that the Bank of Canada issued. This report outlines growing concern over Canadian debt growth, especially that of homeowners. Caileigh Anderson talks about how the extreme rise of interest rates over the past year will affect homeowners who are up for renewal now and into 2026. Caileigh discussed the state of the Canadian and Fraser Valley real estate market and how this may be affected by higher rates and potential financial hardship on the horizon.
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