Source Feed: CBC News - Canada
Publication Date: June 17, 2026 - 16:39
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Why some homeowners are falling into a mortgage payment trap they can't escape | About That
June 17, 2026
Many Canadian homeowners took advantage of historically low mortgage rates during the pandemic to lock in for five-year terms. Andrew Chang explains the perfect storm happening now as these terms come up for renewal at much higher rates at the same time as a depressed housing market. (Photo credits: The Canadian Press, Reuters, Adobe Stock and Getty Images)
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