Bank of Canada Announcement – January 2023
General Angela Calla 25 Jan
As expected, the Bank of Canada raised the overnight lending rates by 0.25%. This means your monthly payments will increase by approx. $13 per $100,000 on a most variable rate mortgage and/or line of credit, with the exception of if you have a static payment, then the amortization increases. While it is an increase, we have had a slowdown in […]
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