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Sub-1% Mortgage Rates Come to Canada, Courtesy of HSBC
Never in history has a Canadian bank advertised a mortgage rate with a zero to the left of the decimal point. Fortunately, there’s a first for everything. Effective December 4, 2020, HSBC Canada—who’s made a name undercutting its big bank competition—is launching the lowest rate in Canadian history: 0.99%. This is a milestone rate, akin to landmark rates like BMO’s...