Posts from April, 2020

How mortgage penalties affect the local Greater Hamilton economy

According to the statistics from Statistics Canada and CMHC – Approximately, 40,492 Greater Hamiltonian’s per year break their 5 yr fixed rate mortgage with a two column format with a fixed rate mortgage, triggering the “Interest Rate Differential penalty (IRD). Statistics for Greater Hamilton (06/16): 785,160 people/consumers @ 28.4% mortgage holder rate = 222,985 residential mortgage holders @ 74.18% two column… Read More…

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