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Interest Rates to Be Biggest Issue for Canadian Housing Market
Source: Erica Alini, globalnews.ca, July 3, 2021
Higher interest rates are widely expected to provide a welcome breather from breakneck home price growth.
As Canada’s housing market shows tentative signs of homebuyers’ fatigue, some economists are looking ahead at another factor that’s widely expected to put a damper on the real estate frenzy: rising interest rates.
With economic activity revving up again amid soaring vaccination rates and signs of inflation, several analysts believe the Bank of Canada will start raising its trend-setting interest rate sometime in the second half of 2022.
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