Rising Interest Rates: Everything You Need To Know

Understanding The New Interest Rate Hike The Bank of Canada recently raised its key overnight rate by 25 basis points to 1.5%. Big banks like TD and BMO also¬†followed suit, increasing their prime lending rate to 3.70% So how does this affect Toronto’s real estate market? The short answer: positively. While it costs more to borrow, the rate hike is … Continue reading Rising Interest Rates: Everything You Need To Know