"...Rates are supposed to rise in periods of turmoil, as a form of risk management though. You don’t want people borrowing more when things are getting worse. However, when the BoC drove rates lower – that’s exactly what happened. Real estate sales hit record volumes, while mortgage rates fell to record lows. The BoC blamed borrowers for borrowing, and then announced they would end the program on Oct 26. Except, the balance of assets are still rising..."
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