Bank of Canada: some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise - Toronto Sun
6/9/2022 12:00:00 AM2 years 10 months ago
by Reuters
by Reuters
Some Canadians who took out mortgages in 2020-21 could see monthly payments jump as much as 45% in 2025-26, according to the Bank of Canada.
Article content OTTAWA Some Canadians who took out mortgages in 2020-21 could see their monthly payments jump by as much as 45% in 2025-26, given rising rates, according to a Bank of Canada scenario… [+1798 chars]
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