CALGARY (CU)_Following the Bank of Canada’s recent decision to hike its the benchmark interest rate by 25 basis points, the cost of borrowing in the country started to rise this week. However, experts say that there has been no retreat in demand in the mortgage market as a result, despite expectation of a steepening path of rate hikes projected to weigh on the demand psychology of homebuyers.
According to Dan Eisner, founder and CEO of mortgage firm True North Mortgage, 75 per cent of his clients who are seeking a home loan are still opting for…
