Mortgage rates may rise as Bank of Canada ends emergency pandemic program

Author: External Author | | Categories: First Time Home Buyer Mortgage , Mortgage Broker

The Bank of Canada is ending one of its emergency measures to stimulate the COVID-19 economy, leading to speculation that the era of record-low mortgage rates could be ending, too.

What’s more likely, mortgage experts say, is that the central bank’s decision to stop buying Canada Mortgage Bonds on Oct. 26 will usher in a period of stability. Rates won’t get higher, but they won’t go lower, either.

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Original Article Source Credits:   Financial Post ,

Article Written By:  Liz Beddall

Original Article Posted on:  February 1, 2021

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