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Variable rates on new mortgages could rise faster than the Bank of Canada’s rate. Here’s why
Source: The Globe and Mail
Interest Rates & YieldsHousing & Real EstateMonetary Policy
Variable-rate mortgage costs rose in line with the Bank of Canada's rate hike this week. The article warns that increases for new loans and renewals could outpace future central bank hikes, but gives no specific rate or mortgage-cost figures.
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