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Real Estate News

While home sales are down across the country, there’s been a disproportionate drop-off in mortgage originations by millennials, according to data from TransUnion.

After the central bank’s announcement, Royal Bank of Canada, TD Canada Trust, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and National Bank all said they will increase their prime rate by a quarter of a percentage point to 3.7%, effective Thursday.