Recently, most of the Big 6 Canadian financial institutions announced a slight rise in their interest rates. Most of Canada didn't know about this rate increase because A) it was pretty small, only 1/5 of 1% B) it's the middle of August when most of Canada is still in Summer vacation mode and who the hell cares C) the CFL and MLB is in full swing and who the hell cares D) you already have a mortgage and don't want to think about it for a few more years but should care.
Granted, 1/5 of a percent isn't much to get excited about. It's like that guy on 1st taking a step off the base. Maybe he's getting ready to steal second, maybe not. It's pretty far to second. Nobody gets too excited about one little step off the base, right? Canadians have other things to do other than think of real estate.
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| Canadian Real Estate; (l to r) bank rates, Canada's Minister of Finance, Bank of Canada |
