Canadian homeowners’ gamble could backfire if rates increase more than one percentage point
To hold down the size of their monthly payments as home values continue to rise, record numbers of mortgage applicants are opting to take out loans that offer the lowest initial interest rates.
The problem with these loans, known as variable-rate mortgages, is that their rates automatically rise along with the country's benchmark borrowing cost.
Canada ranks as the word's second most overheated market
Sverige på tredje plats före Norge och UK.
Bloomberg 24 Januari 2022
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