Interest, Inflation and Mortgage Rates in 2023
Mortgage Rates in Canada went up on June 7, 2023, when the Bank of Canada announced a 25 bases point rate hike, taking the Bank’s trend-setting interest rate from 4.5% to 4.75%, which is the highest rate since 2001. This move has left many wondering: what does it mean for the real estate market in […]
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