Inflation Rates are Rising, What Does That Mean for Mortgages?

Inflation is at a decade-long high rate (3.7% for July 2021). The Bank of Canada believes that elevated consumer prices are temporary and that "everything is under control". Inflation usually means higher mortgage rates. We will have to see how this pandemic plays out before being certain that we do in fact have everything under control.

To read more, click here.

To apply for a second mortgage, click here.