The Bank of Canada raises rate by 0.25%. Affects your variable rate mortgage and HELOC. Approximately +$30/m on a typical $250K mortgage, +$2/m on $10K interest only HELOC. Check your mortgage documents for details. Next announcement Dec 5.
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Posted by: Aneta Zimnicki
The Bank of Canada raises rate by 0.25%. Affects your variable rate mortgage and HELOC. Approximately +$30/m on a typical $250K mortgage, +$2/m on $10K interest only HELOC. Check your mortgage documents for details. Next announcement Dec 5.