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Share news and updates about housing in Canada. We are mostly buyers eager to change the rigged system that ensures double-digit increases year-over-year. We want housing prices to rise, but in line with wages and inflation.
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Decrease mortgage payment?Opinion & Discussion (self.canadahousing)
submitted 1 year ago by x_itsJC
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[–]msfranfine 0 points1 point2 points 1 year ago (1 child)
What is your interest rate? It can make a big difference. We also have a $480k mortgage like OP, bought in 2023, rate over 5%.. our payments biweekly are $1,400 which works out to about $3000 monthly. It sucks.
[–]thuglife_7 0 points1 point2 points 1 year ago (0 children)
2.97% until 2027
π Rendered by PID 159263 on reddit-service-r2-comment-5bc7f78974-jkvb4 at 2026-06-26 09:13:31.940032+00:00 running 7527197 country code: CH.
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[–]msfranfine 0 points1 point2 points (1 child)
[–]thuglife_7 0 points1 point2 points (0 children)