The Bank of Canada may be thinking about raising interest rates but there’s apparently no need to because Canadians are hunkering down to cool debt obligations on their own.
When the Bank of Canada's Mark Carney speaks the public listens. This is exactly the reason why the canadian detached/semi/rowhouse market will not correct significantly.
In fact one of Canada's largest bank is still offering zero down mortgages, and stated income products for the self employed.
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