Tag Archives: house prices in toronto

No rate hikes imminent, BoC signals

During the interest rate announcement on April 12, 2011, Mark Carney, Bank of Canada Governor, left the over night lending rate at 1% which is great news for anyone with variable rate mortgages.  There’s also speculation that the first interest rate hike will come in July which will give buyers enough time to get their pre-approvals in place and purchase …

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