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Bank of Canada offers fresh hints that interest rates will rise next year as economy surges : Economics


Mortgage rates have never been negative

Variable rates in Canada change constantly with the BoC rate changes. There is no 5 year timeline for variable rates to change

we were raising rates in 2018/2019 and the housing market didn’t collapse at all. Our stress test specifically tests rates that are 2% higher than what people sign up for, if you’re getting a mortgage now you can afford it at 8 BoC rate hikes higher. (BoC usually raises at 25 basis points)

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