When Will the Bank of Canada Stop Raising Rates?

by | Sep 13, 2022 | Current Real Estate Trends and Updates, Mortgage Rates

When Will The Bank of Canada Stop Raising Rates?

Attention Canadian Homeowners and Homebuyers!

The Bank of Canada raised rates AGAIN September 7th, this time by three quarters of a percent, taking Prime rate to 5.45%! With interest rates on the rise, in fact a total increase of 3% i in the past 6 months, homeowners and home buyers are wondering, how high can they go?

The question now might better be… When Will These Rate Hikes END? Some info about where we are, where we might go and what you can do NOW!