Mixed reaction from mortgage brokers on Bank of Canada rate

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The Bank of Canada’s decision to hold its rate steady at 5% Wednesday got mixed reaction from mortage brokers for those with variable rates.

Photo by Sean KilpatrickThe Bank of Canada’s decision to hold its rate steady at 5% Wednesday was expected by most economists but depending on who you ask, it’s either a reprieve for homeowners with variable mortgage rates or will make no difference at all.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account.

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