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Watchdog warns mortgage holders of coming 'housing payment shock'
Posted
May 23, 2024
Views
39,860
Likes
170
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May 23, 2024
39,860
170
0.43%
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1:42Now PlayingCanada's banking regulator says homeowners could potentially face a payment shock if they renew over the next two years, because of higher interest rates. A report from the Office of the Superintendent of Financial Institutions says 75 per cent of residential mortgages need to be renewed by the end of 2026.
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