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Rising interest rates, debt spur Canadian homebuyer's remorse

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As inflation soars and interest rates hit their highest levels since 2019, owning your own home and keeping up with the cost of living is getting more stressful.

A new survey shows it's leaving some homeowners worried they won't be able to keep up their mortgage payments. The survey, conducted by Manulife bank and Ipsos, found almost one in four Canadians surveyed fear they'll have to sell their home if interest rates rise much more.

Anne Gaviola takes a deep dive into the data, the rising debt and why homeowners need to do their homework.

For more info, please go to https://globalnews.ca/news/8916105/debt-homeowners-selling-mortgages/
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Category
U.S. & Canada
Tags
global news, Housing, Canadian Housing
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