Login

Why The BOC Didn't Raise Rates Yesterday

Share on Facebook Tweet on Twitter

on Thursday, 07 December 2017 06:58

 

The Bank of Canada decided not to raise interest rates yesterday. One of the main reasons is they want to see the market's reaction to the new mortgage rules which includes a stress test. The stress test coming this January 1st determines whether you can pay a mortgage that is 2% higher than the current posted interest rate. But don't be fooled.....

....related from Mike and Ozzie Jurock: Uh Oh - Government's Manipulated Real Estate Market

mortgage-rates-sign

 


Free Subscription Service - sign up today!

Exclusive content sent directly to your Inbox

  • What Mike's Reading

    His top research pick

  • Numbers You Should Know

    Weekly astonishing statistics

  • Quote of the Week

    Wisdom from the World

  • Top 5 Articles

    Most Popular postings

Learn more...



Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Josef Ozzie Jurock Greg Weldon Ryan Irvine