The Vancouver Life Real Estate Podcast Worried About Your Mortgage?
The Bank of Canada raised interest rates a half point on April 13th marking the largest increase in 22 years, and the first back-to-back rate hike in 5 years. Variable mortgage holders are now paying more for their homes and the BoC has all but guaranteed there will be more rate hikes, and soon. So is it time to be worried about your mortgage? Is it the right time to move into a Fixed Rate mortgage? What does this mean to home prices? Mychal Ferreira, a Senior Mortgage Specialist with the Bank of Montreal joins us this week to answer these questions.
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