Canadian mortgage prison | About That
By CBC News
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Many Canadian homeowners locked in a five-year term with historically low mortgage rates during the pandemic. Andrew Chang explains what’s happening now as these terms come up for renewal at higher rates during a depressed housing market. (Photo credits: The Canadian Press, Reuters, Adobe Stock and Getty Images) »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS For breaking news, video, audio and in-depth coverage: https://www.cbc.ca/news Follow CBC News on TikTok: https://www.tiktok.com/@cbcnews Subscribe to CBC News on Snapchat: https://bit.ly/3leaWsr Subscribe to CBC News on WhatsApp: https://www.whatsapp.com/channel/0029Vb6MSjH9Bb63S9tbQa1Y Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national pro
Tags: CBC News, CBC, News, breaking news, Housing market, mortgage, interest rate, Bank of Canada, finance, Andrew Chang, Economy, About That
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