Bob Sethi, B.Comm | 604.273.2828

Bank of Canada raising rates again

Bank of Canada Raising Rates Again

2018 01 17

 

The Bank of Canada, led by governor Stephen Poloz, has hiked its benchmark lending rate to 1.25 per cent. (Bloomberg)

The Bank of Canada, led by governor Stephen Poloz, has hiked its benchmark lending rate to 1.25 per cent.(Bloomberg)


The Bank of Canada is raising its' key interest rate as economic pieces fall into place including strong job gains, consumer spending, housing investment and the energy sector.

 

Forward growth is predicted to come from business investment and exports as opposed to consumers and home construction.

  

What does this mean for you?

 

Buying or selling it's prudent to arrange a mortgage pre-approval from an expert - email me today for a referral to protect your interests.

 

Read more here.

 

 


Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Bob Sethi, B.Comm
Office:604.273.2828
Fax:604.273.0685
RE/MAX Westcoast
#110-6086 Russ Baker Way
Richmond, BC
V7B 1B4 Canada

Why Sign Up?

  • Save your Listing Searches
  • Email Alerts on new Listings
  • See new listings sooner
  • Tag your Favourites for later

Already a Member?

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.