We’ve all probably heard it over the last 15 months – Interest rates are going up. The Bank of Canada have increased it bit by bit and Canadians are taking notice. But what exactly does this mean to you? What happens to your mortgage? Any outstanding balances on your line of credit?
A new article was released by Rob Carrick from the Globe and Mail that goes over some of these details. We recommend giving it a read by clicking here.
As always, some articles give you more questions in the end so if you do want greater detail, give us a call!