HOMEBUYERS WHO BOUGHT DURING THE PANDEMIC WILL BE MOST AFFECTED BY INTEREST RATE INCREASE!

Homeowners who made their purchases during the pandemic are the most at risk from price shocks brought about by interest rate hikes, according to Benjamin Tal of the Canadian Imperial Bank of Commerce (CIBC).

A major driver of the fiscal pain for these new homeowners will be the gap between the historically low rates over the past year and the Bank of Canada’s predicted gradual increases to the benchmark rate. # SANDI HALPERN # SOLD # LEASED # INTEREST RATE INCREASE