Is The Bank Of Canada Going To Raise Rates Again?
The Canadian Real Estate Investor
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The Pain of a Fixed Rate Mortgage
Those on variable payments have already felt the pain when it comes to the Bank of Canada rate changes. Most people are on five-year fixed mortgages. The interest rate can move up or down according to the lender's prime interest rate. We would appreciate if you do the same thing, right? Pay it forward. Maybe leave a review, maybe post it on social media, maybe send it to a friend. And in exchange, I will wax poetic about fixed versus variable rate mortgages for another 10 minutes.
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