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Showing posts from 2022
  Bank of Canada: some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise OTTAWA — Some Canadians who took out mortgages in 2020-21 could see their monthly payments jump by as much as 45% in 2025-26, given rising rates, according to a Bank of Canada scenario released on Thursday. Continue reading....
How the Bank of Canada’s interest rate works—and why it’s rising The Bank of Canada has raised its policy interest rate by half a percentage point for the second time this year, a move intended to slow runaway inflation. The rate hike brings the Bank’s policy interest rate, also known as the overnight rate, up to 1.5% from the previous 1%.  Click here to read more....

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  We're growing! We are looking for Mortgage Agents with  industry experience  to join our Mortgage Wellness Team.  We are looking to fill positions in the following locations in Ontario: Stratford, Kitchener, Cambridge and Guelph. If you're an experienced Agent looking to align yourself with an award-winning team, please email your resume to the attention of Rachelle Czartorynskyj at  rachelle@mortgagesourcecanada.com LEARN MORE... #stratfordmortgagebroker