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Watchdog warns mortgage holders of coming 'housing payment shock'

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Canada's banking regulator says homeowners could potentially face a payment shock if they renew over the next two years, because of higher interest rates. A report from the Office of the Superintendent of Financial Institutions says 75 per cent of residential mortgages need to be renewed by the end of 2026. 

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Category
World
Tags
business, money, banking
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