Higher interest rates could be coming sooner, says Bank of Canada governor
A report out of the Canadian Press today suggested that higher interest rates might be coming sooner than expected. Although the Bank of Canada had previously committed to maintaining the current low interest rates until July, this may change if inflationary pressure becomes more evident.
If you are thinking of making a real estate purchase in the coming months, now may be a good time to visit your mortgage representative and lock in your rate.
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