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Home Economics: Borrowers beware as Bank of Canada shifts tone on rates BNN Bloomberg VIDEO SIGN OUT   Near the start of the pandemic the Bank of Canada lowered interest rates to near bottom levels signalling to Canadians they will remain low for a long time. Now with Canada s economy recovering faster than expected, the Bank of Canada is shifting their tone on rates, saying they may rise by the second half of 2022. CTV s Chief Financial Commentator Pattie Lovett-Reid explains why borrowers in a variable rate mortgage might want to make the switch to a fixed one.     Nearly half of first-time homebuyers in Canada are looking further afield into the suburbs for a prime piece of real estate. A survey by the Bank of Montreal found that 47 per cent of respondents are ditching downtown for more affordability and larger spaces, and it’s a trend that’s expected to continue in a work-from-home world. Only 30 per cent of those surveyed are still attracted to urban

British columbiaPattie lovett reidDale jacksonCanadian imperial bankFinancial commentator pattie lovett reidFinance columnist dale jacksonபிரிட்டிஷ் கொலம்பியாபட்டி லவட் ரீட்டேல் ஜாக்சன்கனடியன் ஏகாதிபத்தியம் வங்கிநிதி வர்ணனையாளர் பட்டி லவட் ரீட்நிதி கட்டுரையாளர் டேல் ஜாக்சன்