Mortgage rates

CP

BoC Will Cut Rates Again: Bank

OTTAWA - The squeeze of the oil slump is prompting one of Canada's biggest banks to slash its 2015 forecast for the country's economy and warn that another interest-rate cut could be on the way.TD Ban...
Canadian consumers have been enjoying historically low mortgage rates since about 2009, when the financial crisis forced central banks around the world, including the Bank of Canada, to turn on the easy money spigots. The result has been a serious real estate boom, record home ownership rates and a buzzing construction industry. But policymakers warn interest rates can't stay low forever; consumers have amassed record levels of debt; and experts are warning house prices have become detached from fundamentals. Will these record low rates last, and will a housing bust follow when they end?