RE:RE:RE:RE:RE:RE:RE:Bank of Canda raises 1/4 pointI remember very well that a married w/children co-worker was boasting back in circa 1988 that he got a mortgage for a fixed-rate of 14.75% interest when everyone else was paying 15%.
Of course house prices were lower back then, but he still got help from family for the down payment so maybe that's why he got a break on the lower rate.
Today's B of Cda rate would've been considered a normal rate back in the day. One thing we haven't seen yet is high unemployment. That was the scourge the politicians dreaded--now it's climate change.