A third of Canadians would struggle if mortgage rate grew by only 1%, survey finds

TORONTO — A survey by Manulife Bank of Canada says nearly half of Canadian homeowners are taking steps to whittle down their mortgage debt, but many would be in trouble if their monthly payments grew even slightly. ‘A great rate for a bad mortgage': The 10-year mortgage is near an all-time low, but is it a good idea? It’s the lowest 10-year mortgage in the land but even the people offering the product...

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