Ontario man considers selling house before mortgage payments rise $2,000, even after interest rate cut

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An Ontario man says he’s still considering selling his house, despite this week’s interest rate cut, with his mortgage payments set to leap over $2,000 next month.

“I'm happy to see, finally, a rate cut. I wish it came a lot faster,” Gerry Best, a 66-year-old homeowner in Kitchener, Ont., said.But for Best, it won’t be enough to move the needle before his mortgage renewal on July 17 – just one week before the next interest rate announcement.

Gerry Best, a homeowner in Kitchener, Ont., says he's considering selling his house due to high mortgage payments. While Wednesday’s announcement was a little sigh of relief, he’s already looking ahead to the next one on July 24, before his mortgage payments are expected to increase $2,000 by the end of that month.

“What can you afford to pay? Don't go $1 over that. That way you don't have to worry about what happens in the future with interest rates.” McMaster pediatric surgery chief says deaths after tonsil surgery 'very rare'Increased police presence expected at weekend Walk with Israel event, related protest

Returning a shopping cart to the corral when you’re done with it may seem like common courtesy to some – but for others, it’s a chore. One TikTok post has reignited the debate.A woman in Kitchener living on disability benefits is sharing just how hard the process is, and hoping more can be done to help.In case you missed it, CTV News London has compiled all the top local stories from this week into one video for your convenience.

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