Bank of Canada governor wants to avoid housing policy mistakes of the past

Author: External Author | | Categories: Commercial Mortgage , Debt Consolidation , Home Equity Loan , Investment Property Mortage , Mortgage Refinance , Mortgage Renewal , Private Mortgage , Reverse Mortgage , Self-Employed Mortgage

Kevin Carmichael: In an exclusive interview, Tiff Macklem says bank keeping an eye on housing market amid ultra-low rates

The Bank of Canada takes a lot of heat over this country’s various housing bubbles. Former governor Mark Carney definitely lit the match back in 2009 by dropping the benchmark interest rate to almost zero and leaving it there for a year. 

Original Article Source Credits: financialpost, https://financialpost.com

Article Written By: Kevin Carmichael  

Original Article Posted on: Dec 18, 2020   

Link to Original Article: https://financialpost.com/news/economy/bank-of-canada-governor-wants-to-avoid-housing-policy-mistakes-of-the-past

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