Canadians Can’t Qualify For Their Own Mortgages

With the BOC continuing on their overnight rate hiking path, Canadian fixed rate mortgage holders can expect to feel the squeeze this year as they look to renew their mortgages. Should Canadians be worried about finding themselves in a situation where they can't qualify for their own mortgages, as some media headlines would like to have us believe? Steve explores this question and more in today's video.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through a hypothetical situation that many Canadians will face this year when they go to renew their mortgage, and provides some items to consider when looking to renew into a new fixed term mortgage.

If you are looking to renew your mortgage this year, and want a customized approach, get in touch with CityWide Mortgage Services today:

CITY WIDE Mortgage Services: https://mtgapp.scarlettnetwork.com/KR_Properties/home

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If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.
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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.