Canadians scramble to get mortgage pre-approvals as rate hikes loom
Canadians are scrambling to get mortgage pre-approvals and rate holds before the era of low interest rates comes to an end, as some economists predict.
Real estate and mortgage brokers say their clients are increasingly seeking ways to hold on to current rates because many housing markets like Toronto are facing heated conditions making it hard to keep purchase prices down.
Original Article Source Credits: Global News , https://globalnews.ca/
Article Written By: Tara Deschamps
Original Article Posted on: November 9, 2021
Link to Original Article: https://globalnews.ca/news/8361209/mortgage-pre-approvals-interest-rates/