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Housing Bubbles are Very Costly in the Long-Run

Summary by HoweStreet
The Bank of Canada has slashed overnight interest rates by 200 basis points over the past seven months to 3% from 5%, while variable and fixed mortgage rates have fallen to around 4% from more than 5% a year ago. Mortgage rates of around 4% are not high; they are about average historically. The trouble […]
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Housing Bubbles are Very Costly in the Long-Run

The Bank of Canada has slashed overnight interest rates by 200 basis points over the past seven months to 3% from 5%, while variable and fixed mortgage rates have fallen to around 4% from more than 5% a year ago. Mortgage rates of around 4% are not high; they are about average historically. The trouble […]

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HoweStreet broke the news in on Wednesday, February 26, 2025.
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