Bank of Canada says half of fixed payment variable rate mortgages have reached their trigger rates and this means that about 13% of all outstanding mortgages are interest only, paying no principal. Meanwhile, the BC Government introduces more housing changes. And China is back into lockdown threatening the outlook for oil demand. Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. <a href="https://shakepay.me/r/LOONIEHOUR">https://shakepay.me/r/LOONIEHOUR</a>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

The Loonie Hour

Nearly 13% of all Mortgages in Canada Have Become Interest Only Loans

The Loonie Hour is a Canadian based macro economic podcast covering newsworthy events across the globe and how they will impact Canadians.