BoC raised its interest rate by 25 bps to 4.75% in response to a strong Q1.
Resultantly, mortgage lenders may increase 5-yr fixed mortgage rates above 5.5%.
Housing markets have shown signs of recovery in recent months.
BoC raised its interest rate by 25 bps to 4.75% in response to a strong Q1.
Resultantly, mortgage lenders may increase 5-yr fixed mortgage rates above 5.5%.
Housing markets have shown signs of recovery in recent months.
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