Risks for Canadian Real Estate Market

Rising interest rates in Canada strain households and financial system.
Mortgage costs lead to increased credit card debt.
Bank of Canada warns of reduced financial flexibility due to high rates and falling house prices.
Mortgage payments already rose for one-third of borrowers since Feb. 2022.
Canadians who entered the housing market during the pandemic face challenges in managing their debts during this transition.

Get Today's Best Rate!

    This will close in 0 seconds