Unlocking the Link: How Canadian Interest Rates Shape the Real Estate Market
The Bank of Canada plays a crucial role in managing the Canadian economy through its management of interest rates. Its decisions on interest rates can have a significant impact on the housing market too. Read on to learn more. WHAT ARE CANADIAN INTEREST RATES? Interest rates are the cost of borrowing money. When the Bank […]
Interest Rate Hikes Drive Down Home Sales and New Listings in November
TORONTO, ONTARIO, December 6, 2022 – Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were down markedly compared to the same period last year, following the trend that unfolded since the commencement of interest rate hikes in the spring. New listings were also down […]
