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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.
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
