Rate Ramp-Up: Canadian Borrowers Brace for Another Big Squeeze
Millions of Canadians expected mortgage rates to peak this year. The historic ferocity of rate hikes, an over-leveraged consumer and a 530 bps drop in inflation made that a credible bet.
But there's a reason economic models and long-term rate forecasting don't work so well. They’re unable to price in the unexpected...such as:
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