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Why some homeowners are falling into a mortgage payment trap they can't escape | About That
Posted
June 17, 2026
Views
205,562
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2,774
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June 17, 2026
205,562
2,774
1.35%
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10:12Now PlayingMany Canadian homeowners took advantage of historically low mortgage rates during the pandemic to lock in for five-year terms. Andrew Chang explains the perfect storm happening now as these terms come up for renewal at much higher rates at the same time as a depressed housing market.
Intro - 00:00
Trouble in paradise - 01:06
The 'death spiral' - 04:58
The fallout - 07:52
(Photo credits: The Canadian Press, Reuters, Adobe Stock and Getty Images)
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