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Calgary homeowners will be impacted by Bank of Canada hike

The Bank of Canada announced Wednesday that it will raise its policy interest rate for the tenth time since March 2022, much to the dismay of some Calgarians as the cost of borrowing becomes more expensive.

Interest rate hike expected to impact Calgary homeowners and homebuyers - Calgary

The 0.25 per cent increase to the interest rate from the Bank of Canada represents the equivalent to an extra $15 per month per $100,000 borrowed.

Banks may face stricter rules on negative amortization mortgages

Banks may face stricter rules on negative amortization mortgages
thestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com Daily Mail and Mail on Sunday newspapers.

How are mortgages keeping inflation high?

How are mortgages keeping inflation high?
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Canadian homeowners face mortgage payment spikes at renewal

Brokers warn that homeowners looking to renew mortgages in 2025 or 2026 face payments between 20 to 40 per cent more than they are currently paying

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