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Latest Bank of Canada benchmark interest rate hike may lead to more home sales in the Okanagan

Those with variable mortgages will be no doubt be the hardest hit as a result of the latest key lending rate increase by the Bank of Canada. Many of those people expected to go deeper into personal debt as a result of having higher monthly expenses. As Klaudia Van Emmerik reports, some believe it may lead to more home sales to pay off that growing debt.