Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal. 

The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal.  Mortgage Rates & Mortgage Broker News in Canada 

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