Daily Archives: August 8, 2023

“Normalized” rates and record debt mean tough times

Posted on August 8, 2023 by Danielle Park

Canadian banks are offering mortgage rates above 6% for 1, 2, 3, 4 and 6-year terms on new purchases (below via Ratehub). Home equity lines of credit are above 7%. These are historically average mortgage rates. The trouble is that … Continue reading →

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