An Ontario mother said her mortgage payments are about to practically double – translating to more than $2,000 extra per month if interest rates don’t dip on Wednesday – and it’s 'harder than anything' she’s ever faced.
Our region’s population is growing at record numbers, according to recent Statistics Canada numbers, with many communities seeing their highest influx of residents in years.
Over the next year-and-a-half, 44 per cent of all mortgages will be up for renewal in Canada. To help guide consumers through these uncertain financial times, CTV News reached out to more than 50 mortgage brokers across Canada with a list of questions. Their answers provide professional guidance for individuals and families searching for clarity and sound advice.