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What will the next BOC hike mean for homeowners?

Location
Vancouver, Toronto, Calgary
Publish Date
2022/08/12

Rising interest rates have generated significant levels of uncertainty among Canadians. The BOC’s next rate announcement on September 7 is expected to result in another sizeable hike. The so-called "trigger rate" could be looming for many borrowers. That trigger is the point at which a fixed monthly payment on a variable rate can increase.

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Canada, Ottawa, Vancouver Island, Edmonton, Kelowna