variable mortgage

Bank of Canada hikes as expected…

Here come the rate hikes…Bank of Canada raised the rate 25 basis points to 0.5% as expected after GDP growth numbers came in above expectations.  We’ve had the lowest interest rates in history for 13 months so we’ve been a bit spoiled...pretty much knew there was nowhere to go but up!  What about mortgage rates?  Variable mortgage rates will begin to rise of course, but longer term...

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