Wednesday, July 5, 2017

The key driver of interest rate movement is the economy in general. Not a thin slice of it such as real estate. What drives interest rates down? Economic bad news. What will drive rates up? Economic good news. Is the economy truly strong enough for an increase? We shall see come July 12 what the Bank of Canada thinks. Some Lenders and banks have already started to increase rates, but others have not followed suit yet. Contact me today to take advantage of record low rates!

Posted at 09:23 AM