Inflation has instead intensified, in part due to Russia’s invasion of Ukraine, with Statistics Canada saying inflation hit 6.8 per cent in April driven up largely by higher food and shelter prices.
Interest rate hike leads some Canadians to question possibility of home ownershipA Bank of Canada survey on the financial system released on Monday found that the chance of a shock that could impair the financial system had increased from last fall because of increased geopolitical risks, the withdrawal of monetary policy support, and higher inflation.
I would love to see 15% interest rates
If you took out a mortgage, that you now can’t afford, that’s not the banks fault.
People need to understand mortgages when they take them on. Caveat Emptor
It’s a good way to bankrupt a specific population
Isn't that the idea? Convince people that borrowing has consequences! Live within your means.
Anyone with a hint of intelligence, knew that the rock bottom Prime rate couldn't be maintained.... Sheesh!
Hmm hikes
Gonna be a big hurt coming. Said it 2 years ago... Reduce debt... 🤷🏼♂️🤷🏼♂️