Renewal Cliff? Or just a Hill?

Published 2024-01-05, 07:35 a/m

We hear all the time about a renewal cliff, a looming disaster of huge renewal rate increases in 2024 & onwards? How bad will it be? 2024 is a big renewal year but 2025 & 2026 are HUGE renewal years, Canadians should be worried but with rates falling this year from the 6% to 7% into rates in the 4% range it won’t be a disaster but pain will be felt & the income required to pay the bigger mortgage payments could slow the Canadian economy even more.

This content was originally posted on the Angry Mortgage YouTube Channel

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