Toronto Real Estate Market

Bank of Canada hikes key interest rate.

Today the Bank of Canada raised it’s key interest rate from 1.25% to 1.5%. In response, all 6 of Canada’s big banks have announced they will raise their prime lending rate to 3.7%.

1.5% Interest Rate Hike July 2018

Prime Lending Rate Trend


source: tradingeconomics.com

Father to three little humans, husband, and a Toronto Real Estate Agent.

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