Bank of Canada Raises Interest Rate - Oct.26th 2022


The Bank of Canada raised its overnight rate by 0.50 points on October.26th, 2022.

What does this mean?

It means the rate at which the Bank of Canada borrows money from the government has increased; therefore, the rate at which YOU can borrow money has increased as well.

The new prime rate sits at 5.95%.

I am on a fixed-rate mortgage. Should I be concerned?

No. This rate increase will NOT...


I have sold a property at 209 8537 YOUNG RD in Chilliwack

I have sold a property at 209 8537 YOUNG RD in Chilliwack. See details here

Come through this beautiful, clean, and freshly updated unit at the Parkside apartments. Nestled behind Skelton Park on Young Road, you'll have access to the conveniences of town while enjoying quiet time on your patio with your family. This unit is equipped with 1 parking stall with an option for more and was JUST updated:...

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