The Bank of Canada posts its dates of announcements for interest rates each year. It can be useful to know the dates in order to plan or make a decision regarding lending for you and your home. Presently the consensus seems to be that we will see an interest rate hike on July 19/2011 of about a quarter percent.
Additionally most economists see a hike of 3/4 % - 1% by the end of 2011. We can expect to see higher rates of interest for home lending by the end of the year.
Changes in interest rates can also mean higher or lower prices for the housing market or signal the beginning of a new trend in the housing market.
http://www.bank-banque-canada.ca/en/monetary/schedule.html
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