Will the Bank of Canada Raise Interest Rates next week?

The Bank of Canada is set to meet next Weds Sept 8 to decide if it will be raising interest rates for the 3rd time this year. It has been expected since the start of 2010 that the bank will raise rates, however this next rate increase is now in question as the world economic new has been worse than expected.

Regardless of what interest rates do next week, the long term outlook is still rising rates. So if you are thinking of becoming a home buyer in London Ontario you should be prepare to make your move soon.

If you have questions on this story or homes for sale in London Ontario feel free to contact me.

Kathy Mendham-Meathrel

Sales Representative
Realty Executives Elite Ltd Brokerage
London Ontario Real Estate Agents

7-515 Wellington Road South
London, Ontario
N6C 4R3

(519) 649-6900