Canadians are racing against the clock to get mortgage pre-approvals and rate holds

TORONTO (CU)_Over the past year, Canada’s real estate market was boosted by ultra-low interest rates, which propped up home sales and prices to new heights amid the pandemic. According to the Canadian Real Estate Association, in the month of September, the national average home price in the country reaches $686,650, a 13.9 per cent increase from a year earlier. Meanwhile, the Bank of Canada (BoC) last month, signalled that…