Existing home owners could face sensitivity to rising rates, with about $350 billion worth of mortgages set for repricing in the next year
For consumers who hold an average of $450,000 in new mortgages, a one per cent increase in
Mortgages originating between 2017 and 2019 would not be exposed to the full cycle of potential rate hikes in the coming years.Article content If rates stay elevated into 2025, the massive borrowing undertaken during the pandemic will feel the full bite of higher ratesOver the past few months, bond yields have been rising on market sentiment that enduring inflation would force the Bank of Canada’s hand when it comes to hiking rates, according to Joey Mack, fixed income analyst at RF Securities Clearing.
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