The move indicates the central bank will take a more aggressive approach to tackling inflation, which sits at a 39-year high of 7.7 per cent and has made groceries, vacations and other purchases more pricey.Commercial banks and other financial institutions usually raise or lower their mortgage rates in tandem with the Bank of Canada's interest rate hikes.
"We've seen 10 years leading up to this of continued housing increases and the housing market going astronomically insane. Now, it will level off no doubt with these interest increases." That won't be an easy feat for some Canadians. Campbell said she has seen studies saying Canadians have more debt than ever before and for every dollar someone in the country makes they owe an average $1.86.
This isn’t good. This is going to be the start of the collapse…
Banks will resp profits!
Nice stock photo of... San Francisco... 🤨
S'il vous plaît, veuillez prêter une attention à la situation des africains francophones qui ont des demandes en ligne de résidences permanentes dans les bureaux de l'ircc à Ottawa et Dakar depuis des années et des mois. Qui malheureusement sont sans nouvelle.
Easy. Get ready to fork out more on your mortgage 💸
Poll: Will the rate hike affect you?
We’re getting a double wammey. Interest to bring down inflation, inflation being caused by sanctions. Could go up a lot more yet. My first house I was paying 13 percent
The picture ctv meant to use
Ummm. Those houses are the painted ladies in SAN FRANCISCO! Somebody is lazy.
Canadas Trudeau Vaxx News is full of 💩 .
An article on Math?.....Stagnant wages, yet gasoline has doubled, food is up at least 15%, and now, the subsidized media tell us that mortgage affordability is waning. Brilliant, yet sad that taxpayers have no subsidized millions to tap into. Inflation was created by government.
The bubble finally burst
You will own nothing and be happy
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Source: YahooFinanceCA - 🏆 47. / 63 Read more »