Borrowers have been attracted by mortgage rates that dropped to an average 4.8% for a conventional five-year term in April — an all-time low — and have stayed in that position since then, according to Bank of Canada weekly data.
http://business.financialpost.com/2014/10/07/millennials-lured-by-record-low-borrowing-costs-spurs-canadas-condo-boom/
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