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A sold sign is shown in front of west-end Toronto homes Sunday, April 9, 2017. (Graeme Roy/THE CANADIAN PRESS)
A sold sign is shown in front of west-end Toronto homes Sunday, April 9, 2017. (Graeme Roy/THE CANADIAN PRESS)

Mortgage rates falling as Ontario readies housing measures Add to ...

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As the Ontario government prepares to unveil measures to cool housing prices in Greater Toronto, another factor is making the market more attractive for prospective home buyers: Mortgage rates have been falling again.

After rising last fall, fixed-term, five-year mortgage rates have dropped along with Canadian government bond yields. Royal Bank of Canada, which raised its five-year rate to 2.94 per cent in mid-November, now features a rate of 2.74 per cent on that same mortgage.

Wynne promises measures to cool Toronto-area housing market (The Canadian Press)
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