top of page
< Back

Save this article  > 

Mortgage interest costs surge by nearly 70% in the past year

Steve Huebl
Publication date:
June 18, 2023
Article Summary: 

The article highlights a significant surge in mortgage interest costs in Canada, which have increased by nearly 70% over the past year. The rise in interest costs is primarily attributed to the increase in mortgage rates and the high demand for housing. Factors such as inflationary pressures, tighter lending regulations, and the impact of the COVID-19 pandemic on the economy have contributed to this upward trend. The article discusses the implications of higher mortgage interest costs for borrowers and provides insights into potential strategies to mitigate the impact.


Mortgage interest costs, surge, increase, nearly 70%, mortgage rates, housing demand, inflationary pressures, lending regulations, COVID-19 pandemic, borrowers, impact.

Source Citation: 
Steve Huebl
Mortgage interest costs surge by nearly 70% in the past year
June 18, 2023
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page