Bank of Canada Overnight Rate Increases to 1.75%

Bank of Canada Overnight Rate Increases to 1.75%

The Bank of Canada overnight rate has gone up to 1.75% after an October 24, 2018 announcement. This is the fifth interest rate increase since July of 2017, and the third in 2018. The Bank of Canada (BOC) cited robust U.S. and Canadian economies and the new US-Mexico-Canada Agreement (USMCA)…

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Real Estate News: Impacts of an Interest Rate Increase

Real Estate News: Impacts of an Interest Rate Increase

A few weeks ago, the Bank of Canada announced the interest rate was finally going up – from 0.5% to 0.75%. Many of us have been anticipating such an announcement for months, so this really should not have come as a surprise to anyone. As a real estate professional, this…

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