to stay in touch with the latest news!
We are about to enter the "oh shit" moment if Bank of Canada (BoC) has confirms they are going to be increasing mortgage rates July 12th. Experts say it will be small (0.25%) so I'll be using that number in the examples below.
#1 - A Rate increase of 25 BPS (0.25%) translates to a $83.00 a month increase in payment.
Great overview from Gobelnews.ca
Great overview from Tim Lucas