High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can still handle the rising interest rates needed to tame inflation, Bank of Canada governor Tiff Macklem said Thursday. Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/boc-warns-mortgage-payments-could-be-up-to-45-higher-for-some-borrowers-by-2025-1.5940517
BoC warns mortgage payments could be up to 45% higher for some borrowers by 2025
