The Bank of Canada is About to Bankrupt 35% of Canadians

With many economists and analysts expecting a March 2, 2022 Bank of Canada interest rate increase of 0.25%, the concern is how will these incremental increases impact Canadians.

In this video, Surrey REALTOR Steve Karrasch of Macdonald Realty reviews a recent article from Daily Hive that states, “35% of Canadians worry that increased interest rates could push them to the brink of bankruptcy” and provides some context as it relates to the BC housing market and why he does not believe that the Bank of Canada is about to bankrupt Canadians.

35% of Canadians say rising interest rates could push them to bankruptcy:

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