Canadians love borrowing money, but the days of cheap loans are numbered with the Bank of Canada aggressively raising interest rates.
Our client Raphael Ambrozewicz, a financial advisor and personal financial planner with Vancouver’s BlueShore Financial, says HELOC holders should only be concerned if they’re carrying a large balance on their line of credit, or if they need to make a big purchase with an already tight budget.
Read the full article at National Post
Read the full article at MoneyWise.ca
