Quote:
Originally Posted by GGG
The US is mostly 30 year fixed term mortgages because of how the fed subsidizes housing there. So it’s only lost value when forced to sell and less new buyers.
Canada with our more variable and 5 year fixed is more at risk but everyone at risk should have reupped in 2020 when rates were zero so again this should be at the margins at least for the next two years.
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I can't find the link anymore but an article came out in August that suggested 50% of all new mortgages in 2021 or 2022 (can't remember) were variable...