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►► There is something brewing in the Toronto Real Estate Market these days when interest rates are going up while real estate prices are going down. There’s a clause that’s buried deep in everyone’s mortgage contract and it’s called a trigger rate. When this rate is hit due to higher interest rate hikes from the Bank of Canada, we’re going to see a lot of fixed payment variable mortgages jump up big time! It’s a systemic issue that mortgage holders can face when the interest rates are going up rapidly. Be sure to tune in to this episode of PPTV to learn more about how this mortgage clause could trigger a Toronto Real Estate Market crash.
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