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A sign advertises a house for sale as Canada's central bank announced its first interest rate hike in nearly seven years, on a residential street in midtown Toronto, Ontario, Canada July 12, 2017. (CHRIS HELGREN/REUTERS)
A sign advertises a house for sale as Canada's central bank announced its first interest rate hike in nearly seven years, on a residential street in midtown Toronto, Ontario, Canada July 12, 2017. (CHRIS HELGREN/REUTERS)

Critics urge OSFI to stall mortgage rule changes in wake of rate hike Add to ...

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Canada’s banking regulator is facing calls to delay new changes in mortgage rules in the face of Wednesday’s interest-rate hike as industry experts say a series of recent measures could go too far to cool the country’s hottest housing markets.

Senior real estate officials said they do not anticipate the Bank of Canada’s move to raise its key interest rate to 0.75 per cent from 0.5 per cent will have a major impact on home buyers on its own, because the increase is modest and rates are still extremely low by historic standards.

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