Canadian banks are forecasting a massive 60% surge in monthly mortgage payments for those with variable rates.

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Canadian banks are anticipating a jaw-dropping 60% hike in monthly mortgage payments for those with variable rates is nothing short of a financial catastrophe waiting to happen. With housing costs already soaring, this sudden and substantial increase in mortgage payments is a recipe for disaster, putting countless Canadian families at risk of losing their homes. How are ordinary Canadians expected to survive such a monumental financial burden?

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