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Poloz is saying that the BoC will not raise its rate given the sluggish economy.
Yellen is not raising the Fed rate, but is concerned that bubbles are forming in certain assets. The Fed may raise its rate in December after the election.
Most people take 5-year fixed rate mortgages. So, will there be a run up in buying over the next couple months to secure low rate fixed mortgages? Or will people just take variable mortgages going forward as the spread between the two returns to historic levels?
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