Possible election good for homebuyers
An election will decrease the chances of interest rate hikes
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An election will decrease the chances of interest rate hikes
Most homebuyers will choose a closed mortgage, because they’re unlikely to move before the mortgage term is over. But...
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Despite the Bank of Canada's rising interest rates, experts say the impact on Canadian stocks will be minimal.
Potential home-buyers may view the 0.25% hike in interest rates as negative, but there are positive aspects as well.
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But Canadian economists argue BoC shouldn't be in such a hurry.