Real estate: Are you worried about rising interest rates?


Ahead of the Bank of Canada’s subsequent interest charge announcement on Wednesday, some owners could also be involved about the influence rising interest charges can have on their mortgage funds. Those with fixed-rate mortgages, for instance, could also be compelled to resume their settlement at a a lot larger interest charge.

For these with fixed-rate mortgages who’re involved about rising interest, needs to listen to from you.

Will your mortgage be up for renewal quickly? Are you worried about having the ability to afford larger month-to-month funds attributable to rising interest charges? Are you procuring round for decrease charges or contemplating renting as an alternative? What will you do if you can’t afford the elevated mortgage funds?

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