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Canadians getting more anxious about their finances as they await more rate cuts https://t.co/qXTitQ34nn https://t.co/i7dScVX1kr
Research @BankOfCanada warns many mortgage holders will be poorer for years to come as mortgage rate hikes snowball thru household budgets. https://t.co/yIkXS6FqBT #cdnpoli @CaFreeland https://t.co/XrSzcVI2Fs
Interest rate hikes will make many mortgage holders poorer for years to come, says @bankofcanada report. Researchers estimate by 2027 disposable incomes for borrowers will be lower. https://t.co/FKU33CsBun #cdnpoli https://t.co/MoRvZuQTqB
The Bank of Canada's rate cuts are impacting Canadians' finances, with a significant drop in mortgages issued in Q1 2024. Housing affordability is expected to improve as interest rates decrease, but concerns arise over negative amortization and long loan terms.