How the central bank's latest big hike is squeezing Canadians with mortgages - CBC.ca

Kartik Soni's payments on the home he bought in London, Ont., six months ago after moving from Brampton have increased by nearly $500 because he has a variable-rate mortgage. Amandeep Singh's fixed mortgage term is about to expire, and he worries his family w…

Thousands of Canadians carrying hefty mortgages are scrambling to balance their home budgets after the Bank of Canada raised its benchmark interest rate by a full percentage point to 2.5 per cent las… [+2348 chars]

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