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Types of Mortgages in Ontario
September 29, 2021![](https://fairmortgagesolutions.com/wp-content/uploads/2022/08/Recruitment-1-pdf.jpg)
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August 17, 2022In 1973-1979 oil prices climbed creating major inflation, this caused the Bank of Canada and the US to over react.
The Bank of Canada prime hit 21% in 1981.
Bank prime hit 22.75%
Our current prime is 4.70%. Many say there will be another increase before rates may ease.