{"id":2884,"date":"2022-07-13T14:03:34","date_gmt":"2022-07-13T18:03:34","guid":{"rendered":"http:\/\/www.karenmillar.com\/blog\/?p=2884"},"modified":"2022-07-13T14:03:35","modified_gmt":"2022-07-13T18:03:35","slug":"canadian-interest-hike-how-it-effects-toronto-housing-market","status":"publish","type":"post","link":"https:\/\/www.karenmillar.com\/blog\/canadian-interest-hike-how-it-effects-toronto-housing-market\/","title":{"rendered":"Canadian Interest hike & how it effects Toronto housing market"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

A great update from our good friend\u00a0Sean Humphries Mortgage Agent<\/a>

\u201cAfter today’s Bank of Canada meeting, your JAW might be on the floor. With yet another Prime Rate increase, the cost of borrowing just went up again\u2026 by a whopping 100 basis points! This is the biggest rate hike since August 1998.

The increasing expense of mortgages has the media reporting the fearful idea that Canadians will either sink or swim, potentially losing their homes in the waters of rising interest.

DON’T PANIC!

What goes up, must come down. Until then, the best thing you can do to address your home financing concerns is speak to a professional that’s what we’re here for. With 3 more BoC
meetings remaining in 2022, don’t hesitate to reach out to me via DM – I’m always happy to provide my expert opinion. (Sean Humphries Mortgage Agent<\/a>)

The Bank meets again on:
@ September 7th, October 26th & December 7th\u201d\u00a0<\/p>\n\n\n\n

Send me DM if you have any questions or need help understanding how this will impact you.<\/p>\n","protected":false},"excerpt":{"rendered":"

A great update from our good friend\u00a0Sean Humphries Mortgage Agent \u201cAfter today’s Bank of Canada meeting, your JAW might be on the floor. With yet another Prime Rate increase, the … [read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1681,1473,984,2,5,153],"tags":[325,7,92,3227,1515,672,126,43,6,3230,3228,3229,332,140],"class_list":["post-2884","post","type-post","status-publish","format-standard","hentry","category-community","category-don-mills","category-finance","category-investment","category-media","category-real-estate","category-toronto","tag-dmri","tag-don-mills","tag-east-york","tag-interest-rate-hike","tag-interest-rates","tag-karen-millar","tag-karen-millar-team","tag-leaside","tag-toronto","tag-toronto-affordability","tag-toronto-home-buyers","tag-toronto-home-sellers","tag-toronto-housing","tag-toronto-real-estate"],"_links":{"self":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts\/2884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/comments?post=2884"}],"version-history":[{"count":1,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts\/2884\/revisions"}],"predecessor-version":[{"id":2886,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/posts\/2884\/revisions\/2886"}],"wp:attachment":[{"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/media?parent=2884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/categories?post=2884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.karenmillar.com\/blog\/wp-json\/wp\/v2\/tags?post=2884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}