Four out of 10 homeowners caught short without enough money to meet their expenses, new survey finds

Finacial Post

About four in 10 Canadian homeowners says they were “caught short” in the past year without enough money to meet their expenses, according to a survey out Tuesday. Manulife Bank paints a dim picture of Canadians with rising debt who could be sitting on a potential land mine if interest rates start rising, a situation the financial institution says is not just confined to regions of the country with expensive housing that has forced Canadians into larger and larger mortgages.

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Michael James

Michael James

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CENTURY 21 Capital Realty Inc., Brokerage*
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