Royal Bank of Canada says higher interest rates will keep many homebuyers out of the market this spring, despite a drop in prices. Read on.
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“It’s sunny outside, but I don’t think just because it’s sunny, you’re going to see a real spring-back in mortgage originations,” Neil McLaughlin, head of personal and commercial banking at Royal Bank of Canada, said at a conference Wednesday.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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