Why some homeowners are falling into a mortgage payment trap they can't escape | About That
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Many 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 aWhy some homeowners are falling into a mortgage payment trap they can't escape | About That
Many 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. (Photo credits: The Canadian Press, Reuters, Adobe Stock and Getty Images) Read more














