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Update Bank of Canada interest rate adjustment October 19, 2022

Blog by Paul Thomas, REALTOR | October 19th, 2022

As per Reuters News Agency the Bank of Canada is expected to increase the cost of borrowing by 50 basis points (0.5%) on October 26, 2022.  

Get your mortgage pre-approved ASAP if you are planning a purchase in the near future.  Also, if your mortgage is renewing soon pe pro-active and lock in as soon as you can!

I trust that this helps.

Paul