10/28/2026
🎤We all heard the whispers...and the rate hike is here!!⬆️
The Bank of Canada increased its over night policy rate by .25% basis points.
🏡 What does this mean for you?
If you have a variable rate mortgage ( your payment may remain the same but more will be put to interest) Adjustable rate mortgage ( your payment will go up due to the prime rate increase) lines of credit interest rate increases.
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Sherwood Mortgage Group
Mortgage Agent Level 2| #12176