Contruction work progresses in Toronto. With debt already at record levels, homebuyers may face problems down the road. Photo: Bloomberg

Bank of Canada's low-rate pledge revives fears of housing bubble

A surprise move by Canada's central bank is expected to boost the housing market but in the long run homeowners may pay the price

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Contruction work progresses in Toronto. With debt already at record levels, homebuyers may face problems down the road. Photo: Bloomberg
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