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Ron Butler
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- 1Mortgage rate rise could 'suffocate' Canada's housing recovery, brokers warn▼Mortgage rate rise could 'suffocate' recovery: Ron Butler and John Pasalis on Canada's housing market
Canadian mortgage brokers Ron Butler and John Pasalis are warning that a rise in mortgage rates could 'suffocate' the country's fragile housing market recovery. Their comments, reported by Yahoo! Finance Canada and the Financial Post, come as higher borrowing costs threaten to pull buyers out of the market and stall a rebound in home sales and prices.