Real Estate In Toronto area ? Exciting Toronto Living

 

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The (central) bank may move to cut rates, not hike them. However, if interest rates were to move up by 100 to 200 basis points, it would be a burden on overly indebted Canadians, carrying record household debt of $900 billion or 113% of personal disposable income. It would a hard landing for our economy, including real estate. So interest rate is crucial is Mortgage rate fixing.

 

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