@thatagentkelly: CANADA debt crisis? #mortgagerates #canada #vancouver #canadianrealestate

Conor Kelly
Conor Kelly
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Region: CA
Saturday 10 June 2023 03:24:35 GMT
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amritgill69420
Amrit Gill :
We started our mortgage at $598k. At the end of the 5 year term we’ll owe about $400k. Our mortgage payment will be lower. The principal amount won’t
2023-06-10 11:14:11
1
caseybossence
Casey Bossence :
Rates will come down
2023-06-10 09:36:34
1
rockpile365
B-Rock and the Rock Pile :
Tell me again how you home is an investment
2023-06-10 04:08:37
4
paraxuranoob
PARAxuranoob :
I am worried get rid of your debt as much as you can people
2023-06-10 05:07:42
3
ianfletcherfarrel
ianfletcherfarrel :
They will just extend amortization to 30 years
2023-06-10 11:15:38
22
kb78769
KB :
This is why I got a home 300k BELOW what I was pre-approved for. It’s called living within your means
2023-06-12 05:08:12
17
ilovesocialists101
Yeeeeehawww! :
Stress test.... Almost like they knew this was coming 🤣🤣🤣👍👏👏
2023-06-11 07:49:28
9
frankorchid
Frank :
Gonna be in the low 3’s by 2026… they are rising mow to lock on people at high fixed 5year
2023-06-10 11:45:00
4
mr.tk_78
MrTK :
Another 30-40% of mortgages will renew between now and 2026 😳
2023-06-10 04:27:36
3
whitesilverfox181
Silverfox :
And no raises in wage. The government will look after us
2023-06-10 16:57:56
2
superbighead12
Bighead :
WHAT ABOUT THE OTHER 62!!!!!!!!
2023-06-10 09:48:47
2
dunner1980
user2450533998494 :
Weather the storm and reap the rewards
2023-06-10 05:56:04
2
mjv211
Mjv21 :
Extend amortization, improved income, upsizing houses, etc etc. lots of options here that aren’t housing Armageddon
2023-06-12 19:59:31
1
gnrscorpio
gnrscorpio :
Been mortgage free for a year now. Feels great!! But never went with a variable rate ever. For the 17 years I had one. Lowest was 2.89-3.49
2023-06-12 00:37:06
1
toastintoey
Toastin Toey :
Already happening to us. Been variable since 2021. 😭
2023-06-11 22:53:49
1
hartleymom
Jenna :
Been paying 20% extra which is my max allowed and I have been doing this since rates started going up. Preparing for 2026. Currently at 2.75.
2023-06-11 17:55:36
1
newlifeforme06
newlifeforme06 :
2024-25 will be pain
2023-06-11 15:45:11
1
1fastamg
it doesn't matter :
For me I'm already at 7.7 in a heloc but I've decided to move out of the country ..hence the heloc and going to a country with low inflation..Thailand
2023-06-11 04:40:36
1
user8494128527716
user8494128527716 :
if interest stay up in the next 36 to 48 mo., so is the inflation. 5% x 4yrs =20% higher salary, start saving now to pay most it off.
2023-06-11 03:33:42
1
angelpatronous
Angelique B.🇵🇸 :
I sleep well at night knowing we bought within our budget. Even if I renew, it will be little bit more but manageable
2023-06-10 23:23:19
1
weasy15
weasy15 :
the purpose of rate hikes is to cool and stall the economy, JOBS are going to be lost, it's not all about a mortgage
2023-06-10 18:37:39
1
petersingh1970
user9412590475339 :
you forget times are much harder
2023-06-10 17:14:28
1
royzeeee
Roy :
38 percent... thats crazyyyy...
2023-06-10 17:04:17
1
intothemichters
Jethro :
It’ll happen before then.
2023-06-10 11:04:25
1
michael_the_viking
Mike :
can't wait 😀
2023-06-10 06:20:07
1
user31715162088181
Nicc :
🥰
2023-06-10 06:00:15
1
bonterra11
Peace :
If thiose homeowners have variable then their payments will be lower ( if rate goes down a bit ) as compared to now - if they git approved at that
2023-06-10 04:22:00
1
jgmortgage
jgmortgage :
You’re off by a year.
2023-07-08 22:04:21
0
monicamariekemp
Monica marie :
Also they were taking advantage of people lol I’m 25 and my husband and I got approved for 900k. My house cost me 108k
2023-06-21 12:28:54
0
tonkacxvexf
tonkacxvexf :
When student loans start again these people definitely be in trouble
2023-06-19 18:21:22
0
mayorofottawa
mayorofottawa :
who cares get a tent fuck
2023-06-16 19:54:06
0
irunthiszoo
SarahBHappy :
Stress test sure. But what about people who go and invite OTHER debt? Like a new truck? Or a LOC? I wonder how it plays out for them?
2023-06-14 13:13:50
0
karra1218
Karra :
I am going to pay a extra 115$ a month I can manage.
2023-06-14 09:38:00
0
gridley_9
Gridley_9 :
You're talking about ARMs. Be specific
2023-06-13 01:44:25
0
mnoellel
Riss :
April ‘21 1.79 locked in for 5 yrs. Bought within our budget and made some extra payments :) we’re not worried. We knew it’d never be that low again.
2023-06-13 00:31:25
0
thereal_2slo4u
Just an rs3 :
Scooping up all the houses
2023-06-12 22:04:29
0
nbafan2866
nbafan2866 :
this sounds like the futures problem. we live in the now
2023-06-12 20:09:28
0
edmondcal2020
EdmondCal2020 :
As opposed to an inactive mortgage?
2023-06-12 03:25:47
0
jrobboau
JRobboAU :
here in Australia this is already starting, as most fixed were on 2 or 3 year terms
2023-06-12 02:40:41
0
crankerjanker
crankerjanker :
You crazy man? They will come down by then
2023-06-12 00:42:27
0
beardzzy
D :
Also those people will more than likely advance in their careers. I took out a mortgage in 2021 and my salary has increased 50k since then
2023-06-11 16:12:12
0
just_out_making_memories
just_out_making_memories :
Banks put the carrot infront of people and 90% fell for it. Banks are a business nothing more locked and fuked good luck
2023-06-11 15:58:49
0
ilovesocialists101
Yeeeeehawww! :
So NDP and Liberal voters will remain in mom and dads basements?. QUIT BITCHIN, YOU VOTED FOR THIS👏👏👏👌👍🚬🚬
2023-06-11 07:48:24
0
1fastamg
it doesn't matter :
These 38% truly believe they will sail through tgis untouched and are living life as normal spend spend spending.. these are the people Tiff wants to
2023-06-11 04:38:33
0
seanlancaster4
Sean Lancaster :
do you have a link for thus?
2023-06-11 02:23:11
0
kerrytomasik
Kerry.T :
I just renewed 3 weeks ago and locked in a fixed 3 ur !!?? I thought I did good to get through the hump !! 2026 …. Geeze.
2023-06-10 23:38:15
0
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