The Royal LePage survey conducted by Nanos found that 21 per cent of respondents in Ontario will be renewing lease agreements within the next year and another 15 per cent will be up for renewal 12 to 18 months from now. Of those, 74 per cent are worried about it, given the series of rate hikes from the Bank of Canada.Of those concerned about renewing, more than a quarter of respondents said they have considered either extending the amortization period or switching lenders .
"Most understand that the time will come when they will renew their mortgage in a very different borrowing environment – a more expensive one," Ramautor said. "As such, mortgage holders are preparing in advance for this inevitable increase, shopping around for the best rate and weighing all their options.
"Canada's strong employment rate and the rigorous lending practices of our major banks continue to ensure that a vast majority of households are able to navigate these financial challenges without having to sell their homes."Colleagues mourn Ontario Sen.
A family doctor in the Toronto area says she feels like she is “drowning” with the seemingly insurmountable piles of paperwork she has to complete for her patients. A group of French-language university leaders in Quebec is coming to the defence of English schools who say a planned tuition hike for out-of-province students could devastate their finances.Sault Ste. Marie shooter previously involved in intimate partner violence, police say