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Placeline/People
City Vaughan
State Province Ontario
Country Canada

What another Bank of Canada rate hike means for mortgages

The interest rate increase is bound to weigh on prospective homeowners and mortgage holders because mortgage rates tend to move in tandem with interest rate changes. Here's a look at what Wednesday's announcements will mean for the mortgage sector. 
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Source name: 
The Canadian Press
Unique identifier: CP165740022 
Legacy Identifier: b6985ec5f5c894a68a1783b41ee7c1de9 
Type: Video 
Duration: 1m36s 
Dimensions: 1920px × 1080px     30.25 MB 
Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE. 
Create Date: 1/25/2023 3:06:54 PM 
Display aspect ratio: 16:9 
Tags
Bank of Canada
BOC
central bank
housing market
interest rate
money
mortgages
rate hike