Canadian mortgage rates are the lowest in history. Can they go any lower?
Canadian mortgages rates are at a record low, but should potential home buyers lock in rates right now or will rates go any lower?
Not by much, but yes, rates will go lower is the answer from several analysts citing the Bank of Canada’s policy, competition among lenders, seasonal factors and the pandemic’s impact on the economy.
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Colin McClelland
Original Article Posted on: Sep 28, 2020
Link to Original Article: https://financialpost.com/real-estate/mortgages/canadian-mortgage-rates-are-the-lowest-in-history-can-they-go-any-lower