Canadian fixed mortgage rates have finally begun to inch down.
At least four non-bank lenders have dropped rates 5-10 basis points in the last three business days.
We will now be watching what the Federal Reserve does Tuesday. The Fed is widely expected to lower rates in the U.S.
Just don’t expect Canada to follow any time soon. Inflation is still a threat and the Bank of Canada’s David Dodge wishes he would have hiked Canadian rates more already.
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