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Interest rate hike expected to impact Calgary homeowners and homebuyers - Calgary
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Interest rate hike expected to impact Calgary homeowners and homebuyers - Calgary The Bank of Canada has increased the benchmark interest rate for the tenth time in the last year and a half, bringing it to five per cent. This increase is equivalent to an extra $15 per month per $100,000 borrowed. This increase is expected to have a negative impact on Calgary homeowners and prospe...