Bank Of Canada Ending Pandemic Program That Helped Real Estate Prices Surge

Author: External Author | | Categories: Best Mortgage Rate , First Time Homeowner Mortgage , Mortgage Broker , Mortgage Professional , Mortgage Refinance , Mortgage Services , Saskatoon Mortgage , Top Mortgage Broker

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On the day Canadian home sales and prices hit record highs, the central bank announces an end to the program partially responsible for the surge. The Bank of Canada (BoC) flooded the market with cheap mortgage credit in March. Yesterday, as market data showed a fever pitch had been reached during the “worst” recession in years, they committed to stopping the program. The bond buying program that helped drive rapid price growth, comes to an end this month.

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Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

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