This week the Bank of Canada warned that mortgage payments are expected to increase significantly in the coming years.
According to estimates, the median monthly mortgage payment will rise by more than 60% in 2026, with a 30% increase expected in 2024 and a 50% increase in 2025.
This is due to the Bank of Canada’s decision to raise interest rates to combat inflation. The central bank has warned that the ability of households and businesses to service their debt has become one of the main risks to the stability of the country’s financial system.
Canada’s higher interest rates are a result of Trudeau’s reckless spending. Canadian banks are now saying it could get even worse. Common sense Conservatives will fix the budget to bring down interest rates so Canadians can keep their homes.
I’m working hard to become your next Conservative candidate to run in the next federal election, but I can’t do it without your help.
Please support my common sense approach by taking out a Conservative Party membership today. Voting in Vancouver Granville’s upcoming candidate nomination election is limited to those with up-to-date memberships.
You can take out a membership by clicking here:
Click here to renew your membership or join the Conservative Party!
Once you’ve taken out a membership, please visit my website to register your support: www.voteelaineallan.ca