Bank Of Canada Ended The Mortgage Program That Inflated Prices… Kind Of

Author: External Author | | Categories: First Time Buyer Mortgage , Mortgage Broker , Mortgage Pre-Approval , Mortgage Rates , Mortgage Refinancing , Mortgage Services

Canada’s central bank is still buying tens of million of mortgage bonds. Bank of Canada (BoC) data shows the balance of Canada Mortgage Bonds (CMBs) they hold, increased this week. The increase is a couple of weeks after the pandemic program to buy these has ended. However, it appears that didn’t mean they were going to stop buying them entirely.

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