Who would you elect as the next Prime Minister of Canada?
  • Pierre Poilievre – Conservative 55%, 588 votes
    588 votes 55%
    588 votes – 55% of all votes
  • Justin Trudeau – Liberal 19%, 199 votes
    199 votes 19%
    199 votes – 19% of all votes
  • Jagmeet Singh – NDP 14%, 153 votes
    153 votes 14%
    153 votes – 14% of all votes
  • I don’t really care… 7%, 71 vote
    71 vote 7%
    71 vote – 7% of all votes
  • Maxime Bernier – People’s Party 4%, 40 votes
    40 votes 4%
    40 votes – 4% of all votes
  • Amita Kuttner – Green Party 1%, 14 votes
    14 votes 1%
    14 votes – 1% of all votes
Total Votes: 1065
September 13, 2022November 30, 2022
Voting is closed

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The Canadian Press
Published Monday, June 13, 2022 12:31PM EDT

Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada.

The survey, conducted between April 14 and April 20, also found that 18 per cent of homeowners polled are already at a stage where they can’t afford their homes.

Over one in five Canadians expect rising interest rates to have a “significant negative impact” on their overall mortgage, debt and financial situation, the survey found.

The Bank of Canada remains on a rate-hike path as it tries to tame inflation, which is now at a 31-year high at 6.8 per cent. On June 1, the central bank increased its key interest rate by half a percentage point to 1.5 per cent.

The Manulife survey also found that two-thirds of Canadians do not view home ownership as affordable in their local community.

Additionally, close to half of indebted Canadians say debt is impacting their mental health, and almost 50 per cent of Canadians say they would struggle to handle surprise expenses.

This report by The Canadian Press was first published June 13, 2022.

source: https://www.cp24.com/news/nearly-1-in-4-homeowners-would-have-to-sell-home-if-interest-rates-rise-more-survey-suggests-1.5944600?fbclid=IwAR2W0RrqTsM8S70zhcxXVxtF9VnI8QECS4hv5fkbjqjQWhGyHMRmhAAZ48E