Tenants in B.C. are bracing for a bigger hike in the allowable rent increase for 2023 after the Bank of Canada boosted its benchmark interest rate by one percentage point, taking it to 2.5.

Tenants in B.C. are bracing for a bigger hike in the allowable rent increase for 2023 after the Bank of Canada boosted its benchmark interest rate by one percentage point, taking it to 2.5. Doug King, ...

Based on the simulation results, we expect the median increase in mortgage payments to be relatively large. Under our scenario where interest rates evolve according to financial market expectations, ...

Tenants in B.C. are bracing for a bigger hike in the allowable rent increase for 2023 after the Bank of Canada boosted its benchmark interest rate by one percentage point, taking it to 2.5.

Amplified pain David Doyle, head of economics, Macquarie Group A year ago, markets were discounting 125 to 150 basis points in interest rate increases in 2022 by the Bank of Canada.

According to Bankrate’s national lender survey, personal loan rates have shot up to an average of 10.72 percent and HELOC rates are edging up to 8 percent, with the average sitting at 7.83 percent.

Ratehub.ca said a homeowner who was paying $4,075 on their $716,083 home with a five-year variable rate of 5.55 per cent amortized over 25 years would see their rate increase to 5.80 per cent and ...