Rising Mortgage Rates Could Force 1 in 4 Homeowners To Sell Their Homes Interest and mortgage rates have been rapidly increasing in an attempt to curb inflation, but at the same time it's hurting our economy - not to mention the Toronto housing market. According to a new debt survey from Manulife Bank of Canada, rising interest rates are pushing more homeowners to a place where they can no longer afford their mortgage payments. This is especially true for those that are over leveraged, stuck in a non-fixed agreement, or coming up for renewal at higher rates.

In this video, I give my opinion on rising mortgage rates and how it will hurt homeowners and investors in the Toronto real estate market.

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