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The Opposition said now was not the right time to ’sack and stack' the Reserve Bank Board.
Mortgages have become more affordable in recent months, but they are still more expensive than in all of 2022.
The moves came days after a National Public Radio article reported that thousands of VA loan borrowers risked losing their homes after the COVID forbearance.
Tiff Macklem says the budgetary balance is ‘little changed’ relative to what it was in the budget earlier this year.
A report by the Canadian Mortgage and Housing Corporation says there are signs of significant financial stress on homeowners.
Some 43,300 mortgages were approved for house purchase in September, marking the lowest monthly total since January.
Industry experts say they expect people to get renewal offers with rates ranging from 6.5 to 7 percent.
