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Canadians Can't Qualify For Their Own Mortgages


With the BOC continuing on their overnight rate hiking path, Canadian fixed rate mortgage holders can expect to feel the squeeze this year as they look to renew their mortgages. Should Canadians be worried about finding themselves in a situation where they can't qualify for their own mortgages, as some media headlines would like to have us believe? Steve explores this question and more in today's video.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through a hypothetical situation that many Canadians will face this year when they go to renew their mortgage, and provides some items to consider when looking to renew into a new fixed term mortgage.

If you are looking to renew your mortgage this year, and want a customized approach, get in touch with CityWide Mortgage Services today:

CITY WIDE Mortgage Services

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email: steve@krproperties.ca

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