More Canadians are now struggling with their mortgage amid lingering fears of potentially higher payments come renewal time, according to a new study by the Angus Reid Institute.
A significant share of mortgage holders said that they are either worried (40%) or very worried (39%) that they will have to contend with higher payments once they need to renew with their banks. Fully 57% admitted that they are “very worried” that their monthly payments will sharply rise as a result.
