MORTGAGE PAYMENT SHOCK: This house of cards does not end well

“The superintendent of financial institutions released his annual risk outlook yesterday. It is now a warning from its own regulator for the Liberal-NDP government to heed. Canadian homeowners who renew their mortgages over the next two years could face a payment shock. The root cause of this spike in payments is the government’s loose spending policies. Large deficits have driven inflation, which have increased mortgage costs.“