Real Estate News

Canada housing market unlikely to cool as new home buyers opt for variable loans


https://pixabay.com/photos/house-home-residence-exterior-2609074/

A recent move by major Canadian banks to increase fixed mortgage rates on the back of surging bond yields is unlikely to slow the country’s red hot housing market, as more than half of new borrowers take out variable-rate loans that are the cheapest they’ve ever been.

Continue to read on: Global NEWS

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David Stoddard
David Stoddard
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