Could 10-year mortgage terms help ease Canadians’ ‘payment shock’ at renewal?
Videos
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Could 10-year mortgage terms help ease Canadians’ ‘payment shock’ at renewal?
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Family fund: $115K is the average gift for 1st-time homebuyers, CIBC says
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St. Paul’s byelection: ‘I hear people’s concerns and frustrations,’ Trudeau says
00:37 | June 25, 2024
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Trudeau introduces initiative to expand Great Bear Sea protected areas
00:40 | June 25, 2024
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St. Paul’s byelection: Freeland calls Liberals’ loss to Conservatives ‘disappointing’
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04:48 | June 25, 2024
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01:44 | June 24, 2024
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Oilers fans on pins and needles ahead of Stanley Cup Final Game 7
03:47 | June 24, 2024
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Interest rate cuts ‘reasonable’ to expect if inflation lines up with Bank of Canada’s expectations: Macklem
02:44 | June 24, 2024
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Can the Oilers end Canada’s Stanley Cup drought?
03:11 | June 24, 2024
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Business Matters: Inflation data has big implications for Bank of Canada. Here’s what to expect
02:38 | June 24, 2024
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Oilers Looking to Closeout Series, Win Stanley Cup
07:00 | June 24, 2024
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Global News Exclusive: Dramatic takedown of a suspected car thief
04:10 | June 24, 2024
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Legendary Edmonton Oilers broadcaster speaks about team’s success
02:18 | June 23, 2024
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Trudeau says Toronto’s byelection mirrors choice for voters in next federal election
02:12 | June 23, 2024
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Canadian domestic flight prices are up, data shows
04:26 | June 23, 2024
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RCMP commissioner urges ‘caution’ on naming alleged foreign state colluders
09:11 | June 23, 2024
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What’s the summer strategy for Trudeau and Poilievre as make-or-break byelection looms?
10:43 | June 23, 2024
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School cellphone bans: Which provinces are doing it and why?
01:49 | June 23, 2024
Could 10-year mortgage terms help ease Canadians’ ‘payment shock’ at renewal?
Description
May 14, 2024
After two years of rising interest rates, about half of mortgages in Canada are up for renewal in the next two years and it means some will likely face "payment shock" over what their new rate could be. A new report from Desjardins Group suggests making 10-year mortgage terms more available and common — right now only a few lenders provide them — could help ease that shock, especially if they had been available when rates were lower. Sean Previl reports.
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Could 10-year mortgage terms help ease Canadians’ ‘payment shock’ at renewal?01:54 | May 14, 2024
-
‘I don’t see what the resolution could look like’: WestJet CEO calls for union to act reasonably01:43 | 1 hour ago
-
Union timed strike notice to disrupt busy Canada Day long weekend: WestJet CEO02:19 | 2 hours ago
-
Canadian mortgage renewals will weigh on economic growth: Deloitte02:00 | 3 hours ago
-
Pride, heartbreak after Oilers lose Stanley Cup Final02:13 | June 25, 2024
-
Can Trudeau survive Liberals’ stunning Toronto byelection loss?02:21 | June 25, 2024
-
Mortgage servicing costs, rent, gas prices all up02:13 | June 25, 2024
-
Liberals lose stranglehold Toronto riding to Conservatives after 31 years02:16 | June 25, 2024
-
Why Boeing’s potential criminal charges could have ‘huge’ impact globally02:06 | June 25, 2024
-
Family fund: $115K is the average gift for 1st-time homebuyers, CIBC says01:15 | June 25, 2024
-
St. Paul’s byelection: ‘I hear people’s concerns and frustrations,’ Trudeau says00:37 | June 25, 2024
-
Trudeau introduces initiative to expand Great Bear Sea protected areas00:40 | June 25, 2024
-
St. Paul’s byelection: Freeland calls Liberals’ loss to Conservatives ‘disappointing’03:09 | June 25, 2024
-
Car dealership cyberattacks force many Canada, U.S. companies to use pen and paper01:17 | June 25, 2024
-
Fallout From Edmonton’s Heartbreaking Loss04:48 | June 25, 2024
-
Implications of Conservative Byelection Win07:03 | June 25, 2024
-
Reaction to Panthers Stanley Cup Victory06:05 | June 25, 2024
-
Leslie Church leads as results trickle in for Toronto-St Pauls’ federal by-election02:49 | June 24, 2024
-
Oilers on the verge of greatest comeback in sports history02:20 | June 24, 2024
-
Trudeau, Liberals face big test in Toronto byelection01:44 | June 24, 2024
-
Oilers fans on pins and needles ahead of Stanley Cup Final Game 703:47 | June 24, 2024
-
Interest rate cuts ‘reasonable’ to expect if inflation lines up with Bank of Canada’s expectations: Macklem02:44 | June 24, 2024
-
Can the Oilers end Canada’s Stanley Cup drought?03:11 | June 24, 2024
-
Business Matters: Inflation data has big implications for Bank of Canada. Here’s what to expect02:38 | June 24, 2024
-
Oilers Looking to Closeout Series, Win Stanley Cup07:00 | June 24, 2024
-
Global News Exclusive: Dramatic takedown of a suspected car thief04:10 | June 24, 2024
-
Legendary Edmonton Oilers broadcaster speaks about team’s success02:18 | June 23, 2024
-
Trudeau says Toronto’s byelection mirrors choice for voters in next federal election02:12 | June 23, 2024
-
Canadian domestic flight prices are up, data shows04:26 | June 23, 2024
-
RCMP commissioner urges ‘caution’ on naming alleged foreign state colluders09:11 | June 23, 2024
-
What’s the summer strategy for Trudeau and Poilievre as make-or-break byelection looms?10:43 | June 23, 2024
-
School cellphone bans: Which provinces are doing it and why?01:49 | June 23, 2024
-
Could 10-year mortgage terms help ease Canadians’ ‘payment shock’ at renewal?01:54 | May 14, 2024
-
‘I don’t see what the resolution could look like’: WestJet CEO calls for union to act reasonably01:43 | 1 hour ago
-
Union timed strike notice to disrupt busy Canada Day long weekend: WestJet CEO02:19 | 2 hours ago
-
Canadian mortgage renewals will weigh on economic growth: Deloitte02:00 | 3 hours ago
-
Pride, heartbreak after Oilers lose Stanley Cup Final02:13 | June 25, 2024
-
Can Trudeau survive Liberals’ stunning Toronto byelection loss?02:21 | June 25, 2024
-
Mortgage servicing costs, rent, gas prices all up02:13 | June 25, 2024
-
Liberals lose stranglehold Toronto riding to Conservatives after 31 years02:16 | June 25, 2024
-
Why Boeing’s potential criminal charges could have ‘huge’ impact globally02:06 | June 25, 2024
-
Family fund: $115K is the average gift for 1st-time homebuyers, CIBC says01:15 | June 25, 2024
-
St. Paul’s byelection: ‘I hear people’s concerns and frustrations,’ Trudeau says00:37 | June 25, 2024
-
Trudeau introduces initiative to expand Great Bear Sea protected areas00:40 | June 25, 2024
-
St. Paul’s byelection: Freeland calls Liberals’ loss to Conservatives ‘disappointing’03:09 | June 25, 2024
-
Car dealership cyberattacks force many Canada, U.S. companies to use pen and paper01:17 | June 25, 2024
-
Fallout From Edmonton’s Heartbreaking Loss04:48 | June 25, 2024
-
Implications of Conservative Byelection Win07:03 | June 25, 2024
-
Reaction to Panthers Stanley Cup Victory06:05 | June 25, 2024
-
Leslie Church leads as results trickle in for Toronto-St Pauls’ federal by-election02:49 | June 24, 2024
-
Oilers on the verge of greatest comeback in sports history02:20 | June 24, 2024
-
Trudeau, Liberals face big test in Toronto byelection01:44 | June 24, 2024
-
Oilers fans on pins and needles ahead of Stanley Cup Final Game 703:47 | June 24, 2024
-
Interest rate cuts ‘reasonable’ to expect if inflation lines up with Bank of Canada’s expectations: Macklem02:44 | June 24, 2024
-
Can the Oilers end Canada’s Stanley Cup drought?03:11 | June 24, 2024
-
Business Matters: Inflation data has big implications for Bank of Canada. Here’s what to expect02:38 | June 24, 2024
-
Oilers Looking to Closeout Series, Win Stanley Cup07:00 | June 24, 2024
-
Global News Exclusive: Dramatic takedown of a suspected car thief04:10 | June 24, 2024
-
Legendary Edmonton Oilers broadcaster speaks about team’s success02:18 | June 23, 2024
-
Trudeau says Toronto’s byelection mirrors choice for voters in next federal election02:12 | June 23, 2024
-
Canadian domestic flight prices are up, data shows04:26 | June 23, 2024
-
RCMP commissioner urges ‘caution’ on naming alleged foreign state colluders09:11 | June 23, 2024
-
What’s the summer strategy for Trudeau and Poilievre as make-or-break byelection looms?10:43 | June 23, 2024
-
School cellphone bans: Which provinces are doing it and why?01:49 | June 23, 2024
Could 10-year mortgage terms help ease Canadians’ ‘payment shock’ at renewal?
Description
May 14, 2024
After two years of rising interest rates, about half of mortgages in Canada are up for renewal in the next two years and it means some will likely face "payment shock" over what their new rate could be. A new report from Desjardins Group suggests making 10-year mortgage terms more available and common — right now only a few lenders provide them — could help ease that shock, especially if they had been available when rates were lower. Sean Previl reports.
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