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Everyone’s mortgage is about to get more expensive

MACLEAN'S ~ January 17th, 2018Get ready for a rate shock adjustment that is expected to accelerate in 2019. The Bank of Canada raised its benchmark interest rate to 1.25 per cent Wednesday and signalled that, barring certain risks, more hikes are likely in the rest of the year. That’s creating an unusual situation for Canadians: for the first time in years, those renewing mortgages will be faced with higher rates and an increase in payments.Even before Wednesday’s decision, five of ...

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CURRENT RATES

2 YEAR 2.94%

3 YEAR 3.09%

4 YEAR 3.29%

5 YEAR 3.24%

5 YEAR Variable 2.65%*

Updated January 22nd, 2018
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

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