The Bank of Canada, in its infinite wisdom, has decided to still raise interest rates even though they are also saying that the economy is slowing down. As usual our government leaders are doing exactly the opposite of what they should be doing and it is going to force our economy further into a recession.

Today the Bank of Canada raised their rates by 0.25% to 2.75%. You can be assured that banks will almost immediately raise their mortgage rates.

If you have been thinking of buying in the next few months maybe you might want to buy sooner than later in case they do decide to raise them again before the end of the year.

If you want to kickstart your search or have any questions please don't hesitate to give us a call. You can reach us at (780) 634-8151.