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Losing My Home to the Bank of Canada's MASSIVE Interest Rate Hike


With the Bank of Canada continuing their upward trajectory of interest rate hikes, with many economists and analysts projecting two more rate increases this year, some homeowners that bought in the last few years are becoming increasingly worried about what this all means for the mortgage they committed to.

In this video, Surrey Real Estate specialist Steve Karrasch of Macdonald Realty addresses a question brought up in the comments section of a previous video regarding what would hypothetically happen if you bought at the peak of the market and prices drop far enough and for long enough that you find yourself in a negative equity position in 5 years when it comes time to renew your mortgage. Steve also discusses the differences between adjustable rate mortgages (ARM) and variable rate mortgages (VRM) and how these two types of mortgages differ.

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If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.

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email: steve@krproperties.ca

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