Update: There’s Been A BoC Update

Update: There’s Been A BoC Update

Hey remember this guy? – How to score when the goal posts won’t stay still. We wanted to take a beat and wait for the Big 5 economists to weigh in on the Bank of Canada’s most recent 1.00% increase. They must be as surprised as we were because they have not yet updated their analysis to reflect the higher than expected rate increase. Any of you currently on a variable mortgage will by now be feeling the effects of the Bank of Canada’s aggressive rate increases. Although analysts were predicting a 0.75% rate increase last week, the BoC made real waves by increasing a full percentage point.  As always, the question is how high can they go without putting the Canadian families...

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Keeping ahead of COVID-19

In the interest of helping to slow the spread of Covid 19 the PMG has decided to close the office to the public. We are still fully operational but will not be seeing clients in person. Thank you for your understanding and please take care of yourselves.