Last year a third of mortgage holders in Canada chose to pay their mortgages aggressively, which is to say they...
Mortgage interest costs have undergone a "dramatic" surge over the past year, having risen by nearly 70%, according to Statistics Canada.
If you had a mortgage as of February 2022, chances are you will be facing a payment increase before the end of 2025.
Despite anticipated Bank of Canada interest rate cuts later this year, mortgage borrowers will continue to face higher debt-servicing costs for several years.