Bank of Canada raises interest rate for 1st time in 7 years to 0.75%

boc increases interest rate.jpg

The Bank of Canada Rates increased by the anticipated ¼%. With Bond markets increasing, you may also see pressure on the longer term fixed rates to rise again. 

The Experts are predicting rates to continue to rise slowly, however, low inflation remains a soft spot and robust consumer spending has to remain, including the active trading of Real Estate.  

Contact The Mortgage Centre KW today to find out how this may affect you.

Read more here>>

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Social Media Auto Publish Powered By :