Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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The central bank is not going to pull any surprise out if its hat this time.  A recent Reuters poll showed that Bank of Canada is not likely to increase its interest rate till 2014. The decision to change the rate depends on many factors and Canadian Price Stability is one of the main ones.

Low inflation rate forced the bank in the sideline for a while. Recent long term rate hike and the correction of Canadian Dollar may create some inflationary pressure but that is not going to happen right now.

So, the bank is not expected to make a move but it is expected to turn up the heat to make sure that the borrowers will be ready in time when the rate will start to go up.