According to the CMHC, Canadians are doing a better job paying down their mortgages today than they were a year ago. But how can this be with interest rates and mortgage renewals at 20 year highs?
In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty takes a closer look at CMHC’s recent statements regarding the current real estate landscape when it comes to mortgage payments.
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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.
