Mortgage Rate Increase? Toronto, Canada
What happens if/when the mortgage rates go up by just 1%? A Great Video from Global News with breakdown of mortgage costs and how it could affect the Toronto HomeOwner.
He says that Canadians spend apprx. 165% of after tax income servicing debt!, with 70cents/dollar on mortgage alone. Wow…Is this a bit alarmist or current reality? Time to sell the house?
Christine Ng firstname.lastname@example.org