This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
While it is unclear whether the bank rate has reached its peak, some mortgage lenders chose to cut their rates this week.
The Federal Reserve has raised interest rates 11 times since March 2022 in its battle to curb inflation, which has led to higher mortgage rates.
Canada’s big banks dominate the mortgage market and aren’t helping homebuyers and housing affordability with lower mortgage rates for the time being.
