Personal Finance Canada
yads
•
12mo ago
•
50%
Cautionary tale about not having a mortgage in retirement
https://www.cbc.ca/news/canada/calgary/calgary-seniors-unaffordable-rent-interest-rates-1.7001817I feel for this guy, but something isn't adding up.
- he has lived in this house for 3 decades
- his mortgage is still so high, that the recent interest rate hikes have taken his mortgage payments from $1K to $2.6K
Comments 4