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The Latest in Mortgage News: BoC likely to hike rates 75bps as inflation expectations grow

Author: 
Steve Huebl
Publication date:
July 4, 2022
Article Summary: 

The Bank of Canada (BoC) is likely to join the "75-bps club" and increase interest rates as inflation expectations rise, according to two BoC surveys that show consumers and businesses expect high inflation to persist longer than previously thought. HomeEquity Bank, the country's leading bank offering reverse mortgage solutions, was acquired by the Ontario Teachers' Pension Plan Board. Meanwhile, over three-quarters of Canadians who are likely to buy a home in the next year are worried that rising rates will impact how much home they can afford, according to an Ipsos poll conducted for TD.

Keywords: 

Bank of Canada, inflation expectations, Ontario Teachers' Pension Plan Board, HomeEquity Bank, reverse mortgage solutions, interest rates, Ipsos poll, Canadians, affordability, confusion.

Source Citation: 
Steve Huebl
The Latest in Mortgage News: BoC likely to hike rates 75bps as inflation expectations grow
July 4, 2022
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