Bank of Canada rate announcement today at 10am
Wednesday Jan 25th, 2023
ShareAnalysts are expecting the hike to be .25% to 4.5%. This is expected to be the last rate hike of the year. Fixed rates have balanced off. You can get a fixed rate mortgage for as low as 4.59% on a purchase that is insured. The fixed rates are not that bad and with prices down by 15% to 20% in some markets buying with a 2 year mortgage and refinancing when rates go down again as they are expected too may be an option for many buyers and investors. If your a long term buyer now is definately a... [read more]
