Canadian banks have increased mortgages rates. They didn’t wait for the central bank to do so. This can happen at any time in any country. Don’t think it must be the central bank who directly increasing the rates you pay. This is now the second time in a row that this has happened in Canada. It will probably happen again once the Bank of Canada increases interest rates. A double whammy. Are you ready?
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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe
RBC hikes mortgage rates, joining TD - The Globe and Mail
https://www.theglobeandmail.com/investing/personal-finance/article-rbc-hikes-mortgage-rates-joining-td/
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TMX TSX | TSXV - News - TMX Markets Incident
https://www.tsx.com/news?id=598&year=2018
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The central bank of Norway have sold all of their gold as well. https://www.norges-bank.no/en/faq/Gold-reserves/
wow that climb in housing prices is absolutely frightening. but it's being funded by rich immigrants and debt debt debt. a crash would be great, make houses affordable for regular canadians again.