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