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NEWS: BANK OF CANADA RATE HIKE TO 2.5% — HERE’S WHAT IT MEANS FOR YOU

Author: 
Toronto Realty Boutique
Publication date:
November 30, 2022
Article Summary: 

In this blog, the author discusses the Bank of Canada's recent interest rate hike, which raised the overnight lending rate from 0.25% to 0.50%. The post explains the implications of this rate hike for the real estate market and provides some advice for potential homebuyers. The author suggests that this increase could lead to higher mortgage rates and could make it more difficult for some people to qualify for a mortgage. They recommend that homebuyers lock in their rates sooner rather than later to avoid higher rates in the future.

Keywords: 

Bank of Canada, interest rate hike, real estate market, mortgage rates, homebuyers, mortgage qualification.

Source Citation: 
Toronto Realty Boutique
NEWS: BANK OF CANADA RATE HIKE TO 2.5% — HERE’S WHAT IT MEANS FOR YOU
November 30, 2022
https://torontorealtyboutique.com/news-bank-of-canada-rate-hike/
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