A great article explaining the interest rate environment, government policy & influencing factors.  For those who thought the low mortgage rates were here to stay, unfortunately they were sadly mistaken. Remember rates were on the rise prior to the pandemic.  Read on for more on Daniel Foch's article posted in the Real Estate Magazine - https://realestatemagazine.ca/opinion-is-the-bank-of-canadas-latest-rate-hike-the-final-nail-in-the-coffin/