New homeowner Youseff Shehata says he's had to cut down on his expenses after his interest rate payments spiked.
Subscribe to CTV News to watch more videos:
Connect with CTV News:
For the latest news visit:
For a full video offering visit the CTV News Network:
CTV News on Facebook:
CTV News on TikTok:
CTV News on Twitter:
CTV News on Instagram:
CTV News on Reddit:
—
CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.
Corporations is going to buy your home and rent them to you for more profits.
Aka Tory and Liberal policy since they founded their parties. Housing is a human right
Lol
@Will not to my knowledge
Regular day to day expense is “eating out and a personal house cleaner/maid”. The debt is being inflated away, so don’t worry. When everyone is making $50/hr min wage and milk is $30 a bag and union wages are paying $400/hr then paying back a meager million dollar home is nothing.
Milk $30 a bag? Never seen bagged milk out here on the west coast.
😂, then he didn’t educate himself well
Peoples rent has been going up and up for years… welcome to the real world property owners.
MUWAHAHAHAHAH!
You’re telling me… you made the decision to purchase a house with a variable mortgage rate? and you’re actually crying about the rates going up? ZERO personal accountability.
Rent is passed the roof. Buying a home is the only way to survive!
wah wah I had to fire my maid wah wah I can’t go out to eat everyday wah wah
When you go to vote remember who did this to you!
@Brandon I thought it was Stephen Harper but I haven’t seen him for a while. I’m confused…
I expected increased rates 🤷🏻♂️
Why on earth would you take a variable rate when the rates were literally as low as they could be? This guy is underwater after 3 months. Yikes.
Things are so bad I had to lay off my cleaner….wow, just when I thought I had heard it all when it comes to entitlement.
Major mistake. Buy high, sell low 😂🤦🏾♂️
I remember when we never ate out let alone it was a regular thing and certainly no outside cleaning help. lolz.
I feel sorry for his cleaning lady, that’s about it!
🤣
$300 per month is not too bad, I’m sure this guy spent more on restaurants per month. Everyone in their right mind knows this is just the beginning, you are going to have to stop shopping and going out for the next year or two!
Wow, so you take up a mortgage at all-time low rates, and you think the rates will never increase? Smh!
Looking at it historically the interest rates are still extremely low.
Blame this network for not covering Poilievre’s criticism of the liberal policy and spending over the years
Haahaha, where did this guy come from? Omg, his house cleaner lost her job!?! I feel for her, but this guy, he’s a real cupcake.
It’s been talked about and known since the beginning of the year this was going to happen. No one should be surprised
He wasn’t around in the 1980s, he have a really big shock.
Lost me when he said he had to fire his cleaning lady…don’t feel bad for you guy.
Yet a home buyer just paid 400k over the asking price in East Toronto for a semi-detached home? Real Estate makes no sense at these interest rates and prices.