Bank of Canada Raises Rate to 5%; How Will This Affect Homeowners and Buyers?
The latest 50 basis points of rate hikes will not be as easily absorbed as 50 or maybe even 100 basi...
Bank of Canada Raises Rate to 5%; How Will This Affect Homeowners and Buyers?
The latest 50 basis points of rate hikes will not be as easily absorbed as 50 or maybe even 100 basis points of hikes would have been a year ago. Interest rate hikes are cumulative, and policymakers must be wondering how close we are getting to the straw that breaks the camel’s back for some mortgage holders.
