Unless you are living under a rock, we are sure you have heard the latest news about the .75% interest rate increase announced this morning.

But what does this change mean?

After years of living in anticipation of an upswing of mortgage rates  and hearing “the sky is falling” (or is about to fall any day now), does this small increase mean we are all doomed?

Attached is an article highlighting all the fascinating details of these changes (I would recap the details myself  but may fall asleep)

http://www.cbc.ca/news/business/bank-canada-interest-rate-monetary-policy-1.4200814

The most important feature of the article is where it clearly states that “more changes seen coming”.

And this is what we need to prepare for….

And the perfect way of doing this is to create your mortgage plan…..for your personal residence AND the way you will fund investment properties .

Contact us at vjazyk@dominionlending.ca  to arrange a FREE consultation.

We look forward to working with you!