12/14/2024
More than 1 million Canadian mortgages are up for renewal in 2025. Is your Ontario home one of them?
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As the New Year approaches, 1.2 million mortgage holders in Canada are set to renew their home loans, with 85% of these mortgages signed when interest rates were at or below one percent. Many homeowners will face significantly higher rates, raising concerns for the economy. The Bank of Canada has re...