Is a mortgage crisis on the way?
Millions of Canadians will soon feel the impact of jumps in interest rates as their mortgages come up for renewal. In some cases, their payments could go up by 40% or more.\xa0\n\nWhat will happen to Canadians already struggling to make mortgage payments?\n\nWhat could the impact be on real estate prices?\xa0\n\nAnd as banks set aside hundreds of millions more in reserves for bad loans, are there risks to Canada\u2019s economy and financial institutions?\xa0\n\nRon Butler, mortgage broker at Butler Mortgage and host of the Angry Mortgage Podcast, explains.\xa0\n\nFor transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts\n\nTranscripts of each episode will be made available by the next workday.