Nearly 1 in 4 Homeowners Would Have to Sell Home If Interest Rates Rise More: Survey

Nearly 1 in 4 Homeowners Would Have to Sell Home If Interest Rates Rise More: Survey
A new home is built in a housing development in Ottawa on July 14, 2020. The Canadian Press/Sean Kilpatrick
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Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada.

The survey, conducted between April 14 and April 20, also found that 18 percent of homeowners polled are already at a stage where they can’t afford their homes.