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Blog by Betty Jarvis

After rate hikes, Canadian housing braces for 'biggest rule change of all time'

September 8th, 2017
Interest rate hikes might be the last thing the housing market needs as sales in Toronto plunge and Ottawa considers even tougher measures for qualifying for loans.

It didn’t take long for the impact of rising rates to hit the market. People rushed to lenders Thursday to lock in contracts and get pre-approved mortgages after the Bank of Canada raised its overnight lending rate the day before ...