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#stitch with @unCOUVER The American homeowner and the U.S. economy isn’t hurt by rising interest rates nearly as much as we are as Canadians, because their mortgage TERMS are as long as 30-years. In Canada, we renew our mortgages every 3-5 years or so, and so the impact of rate changes hits harder here (as more and more homeowners renew into higher rates). #canadavsusa #canadianrealestate #realestate #mortgage #canadianmortgage #mortgagerenewal #costofliving #inflation #interestrates Andrew Syne
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