Thursday, July 08, 2010
Rate Hike Would Hit Manitobans Hard
Winnipeg – Most Manitoba homeowners say that they would face financial distress coping with higher mortgage payments, a new Jory Capital-Probe Research Inc. poll conducted for the Winnipeg Free Press finds.
As the Bank of Canada considers further increases to its key interest rate, Manitobans were asked to consider the financial impact of a sudden escalation of their monthly mortgage payment by 15 percent – which could be triggered by as little as a 1.5 percentage point increase in a financial institution’s annual fixed interest rate.
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As the Bank of Canada considers further increases to its key interest rate, Manitobans were asked to consider the financial impact of a sudden escalation of their monthly mortgage payment by 15 percent – which could be triggered by as little as a 1.5 percentage point increase in a financial institution’s annual fixed interest rate.
Download full release
Labels: interest rates, Jory Capital, Manitoba economy, mortgages, Probe Research
