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Currently brokers in the Edmonton area are offering variable rate mortgages for 1.5% or less. Assume that the Bank of Canada is able to hit

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Currently brokers in the Edmonton area are offering variable rate mortgages for 1.5% or less. Assume that the Bank of Canada is able to hit the midpoint of its target range for inflation. Calculate the real interest rate on a mortgage at 1.5%. How would you interpret the results of your calculation and what would be the effect on house prices in the Edmonton area

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