35% Of Canadians Will Lose Their Homes (and go bankrupt)

Now that the BOC has increased interest rates by a staggering 4.25% over the past 12 months, are Canadians struggling to keep their homes?

In today's video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty reviews a recent CityNews story and also revisits a popular video posted a year ago regarding the issue of debt load that the average Canadian is carrying.

The Bank of Canada is About to Bankrupt 35% of Canadians - Feb 25, 2022 Video: https://youtu.be/Bn9qXlwPf0Q

CityNews: Homeowners struggle amid soaring interest rates: https://vancouver.citynews.ca/video/2023/01/25/homeowners-struggle-amid-soaring-interest-rates/

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.