06/07/2023
😁 Such an exciting time hearing people discuss rates on the elevator, sidewalks, streets! Talking about this announcement today!
Today, the Bank of Canada increased the interest rate by .25, from 4.5 to 4.75 💰
What this means is if you are on a variable mortgage or have a line of credit, payment will increase slightly.
⏩️⏩️But the reality is although it may affect our wallets it should not be the deciding factor to purchase or not.
If there is an increase, we tend to adapt and adjust our budget, and well.. deal with it!
Before you get to concerned, reach out and let’s chat, we will get through this no matter what.