26
May
Brampton (Rajeev Sharma): Thousands of homeowners who invested heavily in the housing market during the pandemic are now facing severe financial pressure as rising mortgage costs and falling property values reshape the market. Many families who purchased large homes with basement suites, expecting strong rental income from international students, are now struggling to keep up with payments. According to reports, Brampton has emerged as one of the highest home-selling cities in Ontario after Toronto. During the period of historically low interest rates, many buyers took on large mortgages believing rental income would comfortably cover expenses. However, changing economic conditions have…