Higher Rates for Longer? Mortgage Debt & The Great Renewal
It has been termed “the great renewal”. A significant number of Canadian mortgages are coming up for renewal. By one account, around 2.2 million mortgages or 45 percent of all outstanding mortgages, are set to face higher interest rates this year and next.1 Even though the Bank of Canada cut interest rates in 2024 as inflation continues […]