Numerous mortgage holders in Canada regret getting ensnared in the low-rate trap. According to data gathered by the Bank of Canada (BoC) during the last several years, a growing percentage of borrowers have opted for variable interest rates.
Today, the Bank of Canada increased its overnight target rate to 334% while keeping the bank rate at 4% and the deposit rate at 334%. In addition, the bank maintains its quantitative tightening agenda.
According to its 2022 Global Liveability Index, the Economist Intelligence Unit (EIU) has rated 172 cities from across the globe. Calgary (#3), Vancouver (#5), and Toronto (#8) are among Canada’s top ten cities.