Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative tightening (QT). Inflation globally and in […]
Despite the prospect of higher interest rates ahead, nearly three-quarters of mortgage holders say they could handle a rise in monthly payments of more than 10%. This is just one of many new insights included in Mortgage Professionals Canada’s latest State of the Housing Market report, which provides a current snapshot of mortgage consumer attitudes, expectations and […]
