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HomeInsurance & Mortgages NewsLooming rate hikes aren’t scaring off Canadians

Looming rate hikes aren’t scaring off Canadians

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TORONTO (CU)_It was just last week that the Bank of Canada (BoC) warned of its plans to begin increasing lending rates as early as next month. Yet, optimism about the nation’s housing market has only risen since then, as real-estate-addicted Canadians refused to be scared by the threat of rate hikes.

A latest survey conducted by Nanos Research Group for Bloomberg News found that…

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