How the Bank of Canada Rate Changes Affect Your Mortgage
You may have been hearing about the Bank of Canada’s rate changes in the news lately. As a future or current property owner, it’s always important to understand how the Bank of Canada rate changes affect your mortgage. COVID-19 has been having distressing updates in the news recently and a significant consequence has been the impact on the economy. To try and offset some of this, the Bank of Canada has decreased it’s interest rate. In general, a decrease in…