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Old 09-06-2017, 09:14 AM   #1
Mortgage Made Easy
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Exclamation Bank of Canada Raises Rates by 0.25% - Sept 6, 2017

The Bank of Canada has raised its key interest rate by one-quarter point to 1.0 per cent.

This move has also put pressure on fixed rates with the 5-year bond yield up... we are likely to see increases to fixed rates soon too. If you have questions, please reach out!

The next scheduled date for announcing the overnight rate target is October 25, 2017.

To view the announcement - click here
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Tim
Mortgage. Made Easy Experts
Kardia Mortgage Inc
www.TimLacroix.com

If you have any questions please feel free to PM me or email puckforum@cgymortgage.com

Click here to View current Mortgage Rates

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Old 09-06-2017, 11:21 AM   #2
spuzzum
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Queue the rise of foreclosures especially in Vancouver and Toronto if the rates continue to rise. People are literally living pay cheque to pay cheque and any deviation means they're screwed.
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Old 09-06-2017, 11:52 AM   #3
Barnet Flame
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I figured that as soon as I saw it was 1.59 to the pound. We have no scope for raising interest rates here at all. My ski trip in April is gonna be painful.
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