Mortgage Interest Rate Hike (March 2022)

What does the mortgage interest rate-hike mean for buyers and sellers?

The Bank of Canada has announced an increase of the interest rate of +0.25% to 0.50%.

Join Lawrence Mak and Chris Molder as we discuss how the new mortgage interest rate hike will affect both Buyers and Sellers.

Watch the interview with Chris Molder if you have questions about:
• What does this mean for buyers and sellers?
• How does this affect buyers with pre-approvals?
• How does this affect homeowners with a variable vs. fixed mortgage?
• How much does this mean per $100k of mortgage?
• How many more times will the Bank of Canada increase throughout the year?

If you have any questions about mortgages, please call or text Chris at (416) 732-8020.

If you have any questions about Toronto real estate, please call or text Lawrence at (416) 276-4895.

Chris Molder
Principal Broker, Tridac Mortgage
(416) 732-0820

Lawrence Mak
Real Estate broker, EXP Realty
(416) 276-4895