Fixed vs variable mortgage rate predictions in 2019

Monday Jan 21st, 2019

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In the fall of 2018, many economists predicted that the Bank of Canada would increase interest rates three or four times in 2019, but that's no longer the case. The global economy appears to be slowing and rarely do central banks increase rates when an economy is struggling. Any slowdown in rate hikes would be welcome news for those holding a mortgage or loan linked to the prime lending rate. If you are considering a fixed rate mortgage, there is good news for you as... [read more]

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