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News for: Yahoo Canada Finance
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Sep 15, 2025 4:23 AM — Interest Rates
Why a potential Bank of Canada interest rate cut is no silver bullet for mortgages and housing
Variable mortgage rates in Canada could drop below fixed rates if the Bank of Canada cuts its overnight rate as expected. However, scars from past rate swings and broader economic concerns may hinder significant growth in the housing market even if borrowing costs decrease further. The appeal of variable rates has diminished since the pandemic, and despite reductions in fixed rates, demand remains... more
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