Why some homeowners are facing a mortgage payment squeeze

Many Canadian homeowners who locked in low fiveyear mortgage rates during the pandemic are now facing much higher payments as those terms come up for renewal. The CBC News explainer looks at how rising rates, combined with a weaker housing market, are creating financial pressure for some borrowers. It also examines why this situation is becoming harder to manage for households that expected stable payments when they first signed their mortgages. The video is part of CBC's About That series and uses market context to show how mortgage renewals are affecting homeowners across Canada.