Another increase today from the Bank of Canada, BUUUUUT many signals are now telling us this is likely the last increase for some time. Market indicators predicting BOC to potentially reduce rates before the end of 2023 (October perhaps??), which would ease the pain for variable rate mortgage holders. Lots of potential for change, but many good signs for those people still sticking it out in a VRM or ARM mortgage.
Tags: bank of canada, variable rate, rates