Bank of Canada revised their outlook for Canadas economic outlook. - TopicsExpress

Bank of Canada revised their outlook for Canadas economic outlook. Slower growth than expected due to the international marketplace; other countries cannot yet afford to purchase at the previously seen volumes as their demand is down. Dont expect mortgage rates to go up, in fact they may go down! Next 12 months will be good to home Buyers and and also to those home owners with variable mortgage rates. This is great if you are looking to buy a home, especially when you consider the slightly lower sales prices of homes in the Vancouver area.

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