Nearly 13% of all Mortgages in Canada Have Become Interest Only Loans – The Loonie Hour #059 - Steve Saretsky

Steve
Saretsky

DATE

2023
- 04
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2022
- 12
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2021
- 12
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Nearly 13% of all Mortgages in Canada Have Become Interest Only Loans – The Loonie Hour #059

Steve Saretsky -

November 25, 2022

Nearly 13% of all Mortgages in Canada Have Become Interest Only Loans – The Loonie Hour #059

Bank of Canada says half of fixed payment variable rate mortgages have reached their trigger rates and this means that about 13% of all outstanding mortgages are interest only, paying no principal. Meanwhile, the BC Government introduces more housing changes. And China is back into lockdown threatening the outlook for oil demand.

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The views expressed are those of the author, Steve Saretsky, an Oakwyn Realty REALTOR®, and do not necessarily reflect those of Oakwyn Realty. It is provided as a general source of information only and should not be considered personal investment advice or a solicitation.