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House Price Growth to Moderate but Remain Elevated This Year, Says CMHC
Despite rising interest rates, Canada’s national housing agency says it expects the pace of growth for both home sales and prices to remain elevated this year.However, it does see the pace of growth...
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Prime Rate Rises to 3.20% Following Bank of Canada Rate Hike
The Bank delivered an expected 50-basis-point hike to its benchmark rate. Within hours, the Big 5 banks announced a similar increase to their prime rates, which are the basis for pricing variable-rate...
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What Borrowers Look for in a Mortgage
A growing number of mortgage consumers are looking for features beyond just a great rate.Just 13% of mortgage holders said rate was their sole consideration when choosing their mortgage product last...
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Bank of Canada Raises Rate by 50 bps
The Bank of Canada has just raised its key lending rate by 50 basis points, bringing it to 1.00%.This marks the second change to the Bank's overnight target rate this year and the first 50-bps rate...
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