The general consensus is that we will see a rising interest rate trend in 2018. The economy in the early part of 2018 was not as strong as expected, but most economists feel it will improve throughout 2018. The question seems to be not so much will the interest rates rise, but moreso, how much will they […]
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It seems variable mortgage rates will be standing pat, for now, as the Bank of Canada announced today it will be keeping the target for the overnight rate as-is, at 1.25%. How this relates to your variable rate mortgage or line of credit is a consumer prime lending rate of 3.45% for most banks. The […]
