Netflix: Most Canadian Mortgage Holders to Face Payment Shock Ahead, RBC Warns

Netflix: Most Canadian Mortgage Holders to Face Payment Shock Ahead, RBC Warns

With 60% of Canadian mortgages set to come up for renewal within the next three years, homeowners are facing a “payment shock” unless interest rates come down in a significant way, according to the Royal Bank of Canada. By 2026, when C$400 billion ($290 billion) worth of mortgages are set to renew — a figure …

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