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Mortgage market still recovering from BoC's COVID rate cuts, lender says
Original: Mortgage market ‘still recovering’ from BoC’s COVID rate cuts, says lender president
The president of a Canadian mortgage lender says the country's mortgage market is still recovering from the Bank of Canada's emergency rate cuts during the COVID-19 pandemic. The comment points to lingering effects of the ultra-low-rate era on borrowing, renewals and housing affordability as rates have since risen sharply.
Why now: Concerns persist about how pandemic-era monetary policy continues to shape Canada's housing and mortgage markets.
Bank of CanadaMortgage Professional CanadaCanada
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- Mortgage market ‘still recovering’ from BoC’s COVID rate cuts, says lender president · Mortgage Professional America
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