Wednesday, June 01, 2022

Bank of Canada increases prime rate 0.5% on June 1, 2022 Prime now 1.5%

The Bank of Canada raised its key interest rate by half a percentage point to 1.5% on Wednesday June 1, 2022

Bank Prime lending rates are now 3.7%

It's the 3rd half-point hike this calendar year in an attempt to slow our soaring inflation. 

This is a great article about the future of real estate in the GTA and how interest rates may be one of the factors that affect the real estate marketplace

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829

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