The Bank of Canada will raise interest rates by a quarter-point for a second straight meeting to 5.00% on July 12 following a five-month pause earlier this year and then hold well into 2024, according to a majority of economists polled by Reuters.
Some people definitely got screwed. Others though, who got in at like 0.5% on a variable -rate mortgage and were shocked when it went up… well they could have expected that sometime within the term of the mortgage that was going to be an issue…
Some people definitely got screwed. Others though, who got in at like 0.5% on a variable -rate mortgage and were shocked when it went up… well they could have expected that sometime within the term of the mortgage that was going to be an issue…