When 15 per cent was a good rate for a mortgage

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  • When 15 per cent was a good rate for a mortgage
    When 15 per cent was a good rate for a mortgage

    A high bank rate meant high mortgage rates for home buyers in 1981. (CBC Archives/The National) Good news: the bank rate had gone down. Bad news: it was a marginal decline. Worse news: the new rate was 17.08 per cent. That was still great news for savings and investments […]

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