We have seen this happen before, only to find out that some of the economic indicators did not come to fruition.
The BOC rate may rise a touch, however, with inflation being low and up to date housing activity missing, I do believe it will be short lived.
Variable mortgages are very low and need to increase significantly, before considering locking in. If you are one to worry, then you should speak to a Mortgage Freedom fighter at The Mortgage Centre KW for some free advice and perhaps some strategy to remain on your variable and secure today’s low 5 year fixed rate.
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