✉news BusinessReal Estate first seen 23 h ago, last 2 h ago, peak #18
Mortgage rate rise could 'suffocate' Canada's housing recovery, brokers warn
Original: 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.
Why now: Rising mortgage rates are hitting Canadian homebuyers and the housing market just as a recovery appeared to be taking hold.
Rank over time, top of the chart is #1. 10 snapshots from 23 h ago to 2 h ago.
Evidence
- Mortgage rate rise could 'suffocate' recovery: Ron Butler and John Pasalis on Canada's housing market · Yahoo! Finance Canada
- Mortgage rate rise could 'suffocate' recovery: Ron Butler and John Pasalis on Canada's housing market · Financial Post
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