Interest Rates News
Wednesday Jul 12th, 2017
ShareAs many folks know, the real estate market in the GTA has cooled lately. One reason is that the Bank of Canada has been hinting at an increase in prime rates so consumers were waiting to see how this would impact their mortgage payments and ability to buy. Today it was announced that the Bank of Canada has raised its key interest rate to 0.75%. This is a 0.25% increase. So what does this mean? Honestly not much if your financial institution only increased your mortgage rate by the... [read more]
