Yesterday, the Bank of Canada increased mortgage rates again.
And why did they do that?
Even though the economy is recovering, there is still inflation.
Well, you know what’s driving that? Inflation mortgage interest rates.
So I don’t know what they’re doing.
But what it means is if you are a buyer and you’re out there, and you’ve got a locked-in rate for a mortgage, now’s the time to get out and buy a house before you lose that rate. Contact us. We can help.
Watch the market update here