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Oriana News

High mortgage costs will ‘strain’ budgets. But is the Bank of Canada worried?

High mortgage costs will ‘strain’ budgets. But is the Bank of Canada worried?

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Canada's home prices haven't hit bottom yet, says CMHC

Canada's home prices haven't hit bottom yet, says CMHC

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Here's what you need to know to get a head start on filing your 2022 taxes

Here's what you need to know to get a head start on filing your 2022 taxes

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Bank of Canada Hikes Rate

The BoC hiked rates again by a quarter of a percentage point. Although they're expected to hold off on further rate hikes, the bank will likely have to keep interest rates higher than before the pandemic. This higher and more volatile interest-rate reality will have far-reaching economic and financial consequences.

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2022’s year in Review: The financial highs, lows and what’s in store for 2023

2022’s year in Review: The financial highs, lows and what’s in store for 2023

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What the latest Bank of Canada rate hike means for inflation, consumers

What the latest Bank of Canada rate hike means for inflation, consumers

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Big banks hike short-term fixed mortgage rates as their popularity grows

Big banks hike short-term fixed mortgage rates as their popularity grows

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As rates rise, is now the time to lock in a fixed mortgage? Here’s what to know

As rates rise, is now the time to lock in a fixed mortgage? Here’s what to know

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Interest rate hike to ‘intensify’ Canada’s housing market downturn

Interest rate hike to ‘intensify’ Canada’s housing market downturn

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Robert McLister: You're unlikely to qualify for ultralow mortgage rates

Robert McLister: You're unlikely to qualify for ultralow mortgage rates

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CURRENT RATES

CURRENT RATES
Term Our Rate Bank Rate
2 YEAR 5.29% 6.09%
3 YEAR 4.79% 6.04%
4 YEAR 4.64% 6.04%
5 YEAR 4.49%* 6.14%
5 YEAR variable 5.80%* 6.45%
28 Apr 2023


*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

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