{"id":24783,"date":"2022-03-10T21:35:16","date_gmt":"2022-03-10T21:35:16","guid":{"rendered":"https:\/\/yanicksarrazin.com\/?p=24783"},"modified":"2022-04-12T18:53:10","modified_gmt":"2022-04-12T18:53:10","slug":"raise-in-key-interest-rate-its-impact-on-mortgages-and-the-real-estate-market","status":"publish","type":"post","link":"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/raise-in-key-interest-rate-its-impact-on-mortgages-and-the-real-estate-market\/","title":{"rendered":"Raise in key interest rate: its impact on mortgages and the real estate market"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"24783\" class=\"elementor elementor-24783 elementor-24676\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0cfd3c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0cfd3c2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-94d899e stretch-to-none\" data-id=\"94d899e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-de246f9 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"de246f9\" data-element_type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tRaise in key interest rate - Key informations\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__de246f9\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__de246f9\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__de246f9\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d9b850 elementor-widget elementor-widget-text-editor\" data-id=\"9d9b850\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In our current context of pandemic and real estate market overheating, the threat of an increase in the key interest rate has been hovering for several months. Recently, the <a href=\"https:\/\/www.bankofcanada.ca\/\">Bank of Canada<\/a> raised the rate to 0.50%. This interest rate had not increased since the beginning of the COVID-19 pandemic in 2020.<\/span><\/p><p><span style=\"font-weight: 400;\">Many questions and uncertainties remain about the impact of this rate fluctuation on the real estate market. To shed some light on the key interest rate and its influence on the real estate market, we spoke with <a href=\"https:\/\/www.nbc.ca\/personal\/mortgages\/advisors\/mirzaie-mahsa.html\">Mahsa Mirzaie,<\/a> Director of Mortgage Development at <a href=\"https:\/\/www.nbc.ca\/\">National Bank.\u00a0 <\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b717a0f elementor-widget elementor-widget-heading\" data-id=\"b717a0f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Why does the Bank of Canada increase the key interest rate?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-271de20 elementor-widget elementor-widget-text-editor\" data-id=\"271de20\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The objective of raising the key interest rate is to curb inflation around the world by reducing borrowing costs and encouraging savings. It is important to understand that at the beginning of the pandemic, the key interest rate was reduced three times to reach 0.25% to stimulate the economy. This rate, reached in March 2020, had never been so low, allowing the economy to recover.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b1ccaff elementor-widget elementor-widget-image\" data-id=\"b1ccaff\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"588\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Changement-des-taux-a-un-jour-de-la-Banque-du-Canada-depuis-2010-768x588.png\" class=\"attachment-medium_large size-medium_large wp-image-24692\" alt=\"Changement des taux \u00e0 un jour de la Banque du Canada depuis 2010\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Changement-des-taux-a-un-jour-de-la-Banque-du-Canada-depuis-2010-768x588.png 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Changement-des-taux-a-un-jour-de-la-Banque-du-Canada-depuis-2010-300x230.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Changement-des-taux-a-un-jour-de-la-Banque-du-Canada-depuis-2010-1024x784.png 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Changement-des-taux-a-un-jour-de-la-Banque-du-Canada-depuis-2010-24x18.png 24w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Changement-des-taux-a-un-jour-de-la-Banque-du-Canada-depuis-2010-36x28.png 36w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Changement-des-taux-a-un-jour-de-la-Banque-du-Canada-depuis-2010-48x37.png 48w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Changement-des-taux-a-un-jour-de-la-Banque-du-Canada-depuis-2010.png 1229w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9da58bc elementor-widget elementor-widget-text-editor\" data-id=\"9da58bc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>Source :&nbsp;<\/em><em style=\"font-size: 15px;\">la Banque du Canada<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-225bb92 elementor-widget elementor-widget-spacer\" data-id=\"225bb92\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5705767 elementor-widget elementor-widget-heading\" data-id=\"5705767\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">How does the increase in the Key Rate affect mortgage interest rates? \n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ea9704 elementor-widget elementor-widget-text-editor\" data-id=\"1ea9704\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When central banks raise their interest rates, the base rate of chartered banks (such as the National Bank of Canada, the Bank of Montreal, the Royal Bank of Canada) also increases, because it costs them more to finance themselves. The consequence is that several bank products with interest rates increase, such as mortgage interest rates, rates on credit margins, and other products with variable interest.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-831ccc5 elementor-widget elementor-widget-heading\" data-id=\"831ccc5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">How does this affect current and future bank customers?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f951268 elementor-widget elementor-widget-spacer\" data-id=\"f951268\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64c5265 elementor-widget elementor-widget-heading\" data-id=\"64c5265\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Existing customers\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35d8104 elementor-widget elementor-widget-text-editor\" data-id=\"35d8104\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Customers that already have a <a href=\"https:\/\/www.nbc.ca\/personal\/mortgages\/loan.html\">fixed-rate mortgage<\/a>, the interest rate will not be affected by this increase until their mortgage is renewed. The rate is set for the duration of the contract. When the contract is renewed, the new rates take effect.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Customers that already have their mortgage with a <a href=\"https:\/\/www.nbc.ca\/personal\/mortgages\/loan.html\">variable interest rate<\/a> will have to expect a rise as fast as the following month.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3efb47 elementor-widget elementor-widget-heading\" data-id=\"c3efb47\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Future customers\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11b43dc elementor-widget elementor-widget-text-editor\" data-id=\"11b43dc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Now, for customers who are currently looking for a mortgage, it is recommended to do a pre-approval with rate guarantee as soon as possible. Indeed, despite the fact that there has been a first increase in the key interest rate, according to the forecasts, future increases in interest rates are to be expected. We must then protect ourselves against them.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-694dd74 elementor-widget elementor-widget-heading\" data-id=\"694dd74\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">What is the impact of the increase in the key interest rate on the real estate market?\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-420ed9a elementor-widget elementor-widget-text-editor\" data-id=\"420ed9a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">According to <a href=\"https:\/\/yanicksarrazin.com\/en\/courtier-immobilier-montreal\/real-estate-broker-yanick-e-sarrazin\/\">Yanick E. Sarrazin<\/a>, the team\u2019s chief real estate broker, although the real estate market has been very interesting for several years, it should not be forgotten that the evolution of this market depends on the relationship between supply and demand. A disparity therefore creates an upward or downward impact on property prices.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Higher rates are expected to result in fewer buyers, which could reduce or stagnate future increases in property values. Some may think that this could lower the price of houses in Montreal. Mr. Sarrazin\u2019s opinion differs since the average prices of properties in Montreal have not witnessed a loss in value in the past decades. Indeed, <a href=\"https:\/\/www.nbc.ca\/personal\/mortgages\/advisors\/mirzaie-mahsa.html\">Mahsa Mirzaie<\/a>, adds that it would be unlikely unless we find exorbitant rates at 5-6% as those before the year 2000. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7e8eb4 elementor-widget elementor-widget-heading\" data-id=\"d7e8eb4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">What would be your advice for today\u2019s buyers?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac76d2a elementor-widget elementor-widget-text-editor\" data-id=\"ac76d2a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Historically speaking, real estate remains a good investment in the long term considering that properties increase in value over time.<\/span><\/p><p><span style=\"font-weight: 400;\">However, many are wondering whether it is better to acquire a property right now or to wait, given the situation. From an investment point of view, it would be wiser not to wait to purchase a property given that the prices of properties have always seen an increase, strong or weak.<\/span><\/p><p><span style=\"font-weight: 400;\">That being said, a mortgage broker understands that each individual\u2019s situation varies. The financial stability of the buyer is a key element, hence the importance of a mortgage broker assessing one\u2019s financial situation. This analysis can then provide an overall picture of the individual\u2019s income, borrowing capacity and repayment capacity.<\/span><\/p><p><span style=\"font-weight: 400;\">Once the financial analysis is done, it is also important to target the objective of the purchase, as the strategy to adopt will be different. For example, is the purchase for a primary residence? There will then be no tax impact on the sale unlike a purchase of a rental property, in this case, the strategy of cash damming will be interesting.<\/span><\/p><p><span style=\"font-weight: 400;\">Since it can take a long time to acquire the desired property, it is recommended to do a pre-approval with guaranteed rates with the longest period possible. This then ensures no fluctuation of the rate for a fixed period.<\/span><\/p><p><span style=\"font-weight: 400;\">Depending on the objectives of your real estate purchase, there are multiple strategies and can be complex, hence the importance of getting in touch with a mortgage broker who will advise you and guide you towards the right direction.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2c2e290 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2c2e290\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bae1d08 stretch-to-none\" data-id=\"bae1d08\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-57846d4 elementor-widget elementor-widget-spacer\" data-id=\"57846d4\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87a42ce elementor-widget elementor-widget-text-editor\" data-id=\"87a42ce\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b><em>This article was written in partnership with <a href=\"https:\/\/www.nbc.ca\/personal\/mortgages\/advisors\/mirzaie-mahsa.html\">Mahsa Mirzaie<\/a>, mortgage development manager at National Bank.<\/em> <\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0d505c elementor-align-center elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"e0d505c\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Mahsa Mirzaie, BNC<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/mahsa.mirzaie@bnc.ca\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-envelope\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">mahsa.mirzaie@bnc.ca<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-dcfe2c9 stretch-to-none\" data-id=\"dcfe2c9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a9cb17 elementor-widget elementor-widget-image\" data-id=\"6a9cb17\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.bnc.ca\/particuliers\/hypotheque\/conseillers\/mirzaie-mahsa.html\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"223\" height=\"300\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Mahsa-Mirzaie-Prets-hypothecaires-Immobilier-223x300.jpg\" class=\"attachment-medium size-medium wp-image-24748\" alt=\"Mahsa Mirzaie - Pr\u00eats hypoth\u00e9caires - Immobilier\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Mahsa-Mirzaie-Prets-hypothecaires-Immobilier-223x300.jpg 223w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Mahsa-Mirzaie-Prets-hypothecaires-Immobilier-761x1024.jpg 761w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Mahsa-Mirzaie-Prets-hypothecaires-Immobilier-768x1034.jpg 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Mahsa-Mirzaie-Prets-hypothecaires-Immobilier-18x24.jpg 18w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Mahsa-Mirzaie-Prets-hypothecaires-Immobilier-27x36.jpg 27w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Mahsa-Mirzaie-Prets-hypothecaires-Immobilier-36x48.jpg 36w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/03\/Mahsa-Mirzaie-Prets-hypothecaires-Immobilier.jpg 919w\" sizes=\"(max-width: 223px) 100vw, 223px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-13c4def elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"13c4def\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-383d023 elementor-widget elementor-widget-heading\" data-id=\"383d023\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Consult other real estate news<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5ac382 elementor-posts--align-right elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-card-shadow-yes elementor-posts__hover-gradient elementor-widget elementor-widget-posts\" data-id=\"b5ac382\" data-element_type=\"widget\" data-settings=\"{&quot;cards_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:30,&quot;sizes&quot;:[]},&quot;cards_masonry&quot;:&quot;yes&quot;,&quot;cards_columns&quot;:&quot;3&quot;,&quot;cards_columns_tablet&quot;:&quot;2&quot;,&quot;cards_columns_mobile&quot;:&quot;1&quot;,&quot;cards_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;cards_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.cards\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-cards elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-78102 post type-post status-publish format-standard has-post-thumbnail hentry category-montreal-en category-news category-real-estate-broker-plateau-mont-royal category-real-estate-news category-real-estate-broker-rosemont-la-petite-patrie category-real-estate-broker-villeray tag-july-first tag-montreal-en tag-moving tag-plateau-en tag-real-estate tag-real-estate-broker-montreal tag-real-estate-montreal tag-rosemont-en tag-rosemont-la-petite-patrie-5 tag-villeray-en\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/july-1-moving-in-quebec-tips-and-tricks\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"900\" height=\"506\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-1024x576.jpg\" class=\"attachment-large size-large wp-image-78100\" alt=\"\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-1024x576.jpg 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-300x169.jpg 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-768x432.jpg 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-1536x864.jpg 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-2048x1152.jpg 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2021\/06\/vitaly-gariev-wS40ELZROLE-unsplash-1-scaled-600x338.jpg 600w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Montreal<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/july-1-moving-in-quebec-tips-and-tricks\/\" >\n\t\t\t\tJuly 1: Moving in Quebec | Tips and Tricks\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Quebec mores In Quebec, it has been customary for many years for the majority of leases to end<\/p>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-77967 post type-post status-publish format-standard has-post-thumbnail hentry category-neighborhood-discovery category-real-estate-broker-plateau-mont-royal category-real-estate-broker-rosemont-la-petite-patrie category-real-estate-broker-ville-marie tag-montreal-2 tag-neighborhood-discovery tag-plateau-mont-royal-4 tag-real-estate tag-real-estate-montreal tag-rosemont-en tag-rosemont-la-petite-patrie-5 tag-ville-marie-en\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/neighborhood-discovery\/st-jean-baptiste-whats-open-or-closed-on-june-24\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/06\/alireza-r3Cn5MYziFs-unsplash-1-1024x683.jpg\" class=\"attachment-large size-large wp-image-77894\" alt=\"\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/06\/alireza-r3Cn5MYziFs-unsplash-1-1024x683.jpg 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/06\/alireza-r3Cn5MYziFs-unsplash-1-300x200.jpg 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/06\/alireza-r3Cn5MYziFs-unsplash-1-768x512.jpg 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/06\/alireza-r3Cn5MYziFs-unsplash-1-1536x1024.jpg 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/06\/alireza-r3Cn5MYziFs-unsplash-1-2048x1365.jpg 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/06\/alireza-r3Cn5MYziFs-unsplash-1-scaled-600x400.jpg 600w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Neighborhood Discovery<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/neighborhood-discovery\/st-jean-baptiste-whats-open-or-closed-on-june-24\/\" >\n\t\t\t\tSt-Jean-Baptiste: What&#8217;s open or closed on June 24?\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>As Quebec&#8217;s national holiday approaches, are you wondering what to do in the metropolis? Our team of real<\/p>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-77158 post type-post status-publish format-standard has-post-thumbnail hentry category-decouvertes-de-quartiers-montreal category-courtier-immobilier-outremont category-courtier-immobilier-plateau-mont-royal category-courtier-immobilier-rosemont-la-petite-patrie category-courtier-immobilier-ville-marie tag-neighborhood tag-neighborhood-discovery tag-outremont-en tag-plateau-en tag-plateau-mont-royal-4 tag-real-estate tag-real-estate-broker-montreal tag-real-estate-montreal tag-rosemont-en tag-rosemont-la-petite-patrie-5 tag-southwest tag-ville-marie-en\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-broker-rosemont-la-petite-patrie\/montreals-culinary-scene-honored-by-michelin-guide\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/05\/edward-howell-vvUy1hWVYEA-unsplash-1-1024x683.jpg\" class=\"attachment-large size-large wp-image-77114\" alt=\"\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/05\/edward-howell-vvUy1hWVYEA-unsplash-1-1024x683.jpg 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/05\/edward-howell-vvUy1hWVYEA-unsplash-1-300x200.jpg 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/05\/edward-howell-vvUy1hWVYEA-unsplash-1-768x512.jpg 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/05\/edward-howell-vvUy1hWVYEA-unsplash-1-1536x1024.jpg 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/05\/edward-howell-vvUy1hWVYEA-unsplash-1-2048x1365.jpg 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2025\/05\/edward-howell-vvUy1hWVYEA-unsplash-1-scaled-600x400.jpg 600w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">D\u00e9couvertes de quartiers \u00e0 Montr\u00e9al<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-broker-rosemont-la-petite-patrie\/montreals-culinary-scene-honored-by-michelin-guide\/\" >\n\t\t\t\tMontreal&#8217;s culinary scene honored by Michelin Guide\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Montreal, May 24, 2025 &#8211; Last week, the Michelin Guide unveiled its long-awaited list of the best restaurants<\/p>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c81b63f elementor-widget elementor-widget-spacer\" data-id=\"c81b63f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f3b871 elementor-widget elementor-widget-heading\" data-id=\"0f3b871\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Any questions? Contact one of our real estate  brokers.<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d34b6d elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"5d34b6d\" data-element_type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Back&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"Nouveau formulaire\" aria-label=\"Nouveau formulaire\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"24783\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"5d34b6d\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"Raise in key interest rate: its impact on mortgages and the real estate market - Courtier Immobilier Montr\u00e9al Yanick E Sarrazin\" \/>\n\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"queried_id\" value=\"24783\"\/>\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-name elementor-col-100\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-name\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tName\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[name]\" id=\"form-field-name\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Name\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-email\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tE-mail\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"E-mail\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-textarea elementor-field-group elementor-column elementor-field-group-message elementor-col-100\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-message\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tMessage\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t<textarea class=\"elementor-field-textual elementor-field  elementor-size-sm\" name=\"form_fields[message]\" id=\"form-field-message\" rows=\"4\" placeholder=\"Message\"><\/textarea>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-sm\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Send<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae610da elementor-widget elementor-widget-spacer\" data-id=\"ae610da\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-35de909 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"35de909\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-df6284e stretch-to-none\" data-id=\"df6284e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Raise in key interest rate &#8211; Key informations In our current context of pandemic and real estate market overheating, the threat of an increase in the key interest rate has been hovering for several months. Recently, the Bank of Canada raised the rate to 0.50%. This interest rate had not increased since the beginning of [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":24785,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[606,464,462,605],"tags":[423,549,18,544,546,542,547],"class_list":["post-24783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buyer-information","category-montreal-real-estate-broker","category-news","category-seller-information","tag-courtier-immobilier","tag-montreal-en","tag-real-estate","tag-real-estate-broker-montreal","tag-real-estate-information","tag-real-estate-montreal","tag-real-estate-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Raise in key interest rate: its impact on mortgages and the real estate market - Courtier Immobilier Montr\u00e9al Yanick E Sarrazin<\/title>\n<meta name=\"description\" content=\"Higher rates are expected to result in fewer buyers, which could reduce or stagnate future increases in property values.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/raise-in-key-interest-rate-its-impact-on-mortgages-and-the-real-estate-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raise in key interest rate: its impact on mortgages and the real estate market - 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