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How the Middle East war is already impacting mortgage rates in Canada

The Middle East war is impacting something most Canadians may not have expected: the cost of some mortgages.

Last month, three- and five-year fixed mortgages increased by 0.5 per cent in just three weeks, said Marshall Tully, a Toronto-based mortgage broker.

“Unfortunately, it’s possible that trend could continue,” Tully said.

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