Interest rate hold could add heat to real estate markets: mortgage experts
Mortgage experts expect the Bank of Canada’s decision to hold its key interest rate to add heat to the country’s real estate markets.
However, when some real estate boards, like Toronto and Vancouver, reported March sales figures recently, they said they were seeing buyers re-emerge and eye the sluggish market. However, the average price was still down almost 15 per cent from $1,298,666 last March, when bidding wars kept the market moving at a frenzied pace.
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