August 2023

Latest interest rate hike will soften housing market activity, but home prices are not likely to go down

Posted on Aug 03, 2023 in Market Trends

Canadians continue to grapple with the increased cost of living, and the Bank of Canada’s latest hike to interest rates this week will add more pressure to variable rate mortgage holders, as well as those looking to qualify for lending. While buyers who have secured a rate hold are anxious to make a purchase before it expires, some sellers have hit...

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