Experts are expecting another interest rate hike this month here is what that means for homeowners

  • Real Estate News
  • Jul 11, 2023


Image by: unsplash

Economists are predicting Canadians might see another interest rate hike next week and say homeowners who are already financially vulnerable will have a tougher time making mortgage payments.

Robert Hogue, assistant chief economist at the Royal Bank of Canada, told on Thursday that he is anticipating a hike of 25 basis points to be announced by the Bank of Canada on July 12.

Read the full article on: CTV NEWS

Share this post:
home worth
YOUR HOME WORTH
Find out what is your home worth in today's market.
Get Started
home worth
FIND YOUR DREAM HOME
Get notified instantly of homes meeting your exact criteria.
Get Started
G
Gizella Nyulas
Gizella Nyulas
Do you have questions?
Call or text today, we are here to help!