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How often are Canadians taking out mortgages at present? The mortgage spree that started during the pandemic is alive and well The annual rate of growth in the number of mortgages taken out by Canadians has reached its highest level in several years, per new data from the Canadian Bankers Association. Institutions associated with the [&hellip…
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Majority of Canadian Buyers Borrowing Their Maximum Approved Mortgage Soaring home prices over the past year have forced a majority of today’s homebuyers to use the maximum mortgage amounts they’ve been approved for. More than 65% of recent buyers bought the maximum amount of house they could afford, according to the Canada Mortgage and Housing [&hellip…
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BoC’s Macklem outlines the bank’s inflation strategy Bank of Canada Governor Tiff Macklem said that the central bank will act to curb inflation if current price pressures remain and begin to appear more permanent in the near future. Macklem said last week that the central bank is expecting elevated prices to be a temporary state [&hellip…
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