Tags : Bank of Canada

‘Bank of Canada interest rate hike to affect first time

A local realtor believes that first-time home buyers won’t be getting the desired budget they were hoping for when trying to lock down a mortgage. This is because of the recent interest rate hikes from the Bank of Canada. Bryan Pereveseff with Royal LePage says the increase in interest rate has now decreased a person’s […]Read More

Bank of Canada raises interest rate to 0.5%

The Bank of Canada is raising its key interest rate to 0.5% to battle high inflation and rising inflation expectations. Inflation is running at a 30-year high and the central bank notes it’s concerned Canadians may be starting to believe that it will stay higher for longer. What does this mean for Canadians? Recent data from […]Read More