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Old 09-11-2023, 11:00 AM   #27784
donk.
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I went out with some friends on the weekend, two of which I haven't seen in some time.

One bought a house about a year ago on variable, I think 400k loan (Kamloops)

The other bought a condo about a year ago on variable, 450k loan (Vancouver)

Kamloops is paying 100% interest, and lump sum payments on the regular now.

Same goes for Vancouver, except he was saying he doesn't lump sum, but he is going to have a large "bill" to pay on renewal.

I wonder how many other people are currently paying 100% interest, if not "110-120%" interest.

People really are holding on, no matter what happens by the looks of it.
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