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Trouble Brewing in the Canadian Housing Market

Trouble is brewing in the Canadian housing market as the pain of higher interest rates is beginning to be felt for 5 year mortgage borrowers renewing their mortgages into MUCH higher interest rates.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty breaks down the mortgage shock coming for many mortgage borrowers in 2024 and 2025 as mortgage borrowers renew their loans at much higher interest rates. Don’t lose hope though, Steve also provides some ways that you can prepare for higher interest rates and increase in monthly mortgage payments in the near future.

If you are looking for more information on how best to prepare for an upcoming mortgage renewal, please give Steve a call, or book a call with him at a time that bests suits you: https://calendly.com/stevekarrasch

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book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca

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