MORTGAGE RATES INCREASE! IS IT TIME TO PANIC??

The Bank of Canada announced on March 1st that it is increasing the overnight lending rate from .25% to .5%. This is the first increase since 2018, and the first of many as the BOC has promised. In this video, I discuss whether it is time to panic, sell everything and crawl into a dark hole, or to stay calm and see what happens. Watch the video to find out!
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Mortgage Rates will likely be going up again several times this year. Make sure you're prepared for the added expense