Ontario, B.C. headed for buyer’s market despite high interest rates: RBC housing report | Globalnews.ca

Sales in Vancouver, Victoria, the Fraser Valley, Toronto, Ottawa, Hamilton, London and Niagara are now seeing a ratio of sales to listings close to 0.40, which Hogue calls the threshold where buyers have more “sway on prices.”Home sales and prices have fallen this year as rising interest rates have increased the cost of borrowing for Canadians.

The country’s big banks have raised their interest rates as the Bank of Canada has raised its key interest rate seven times since March in an effort to bring inflation under control.

That headline doesn’t make sense 😂, higher rates lead to lower prices

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ontario won’t make staycation tax credit permanent despite calls from industry | Globalnews.caOntario's tourism minister says the province won't be extending the staycation tax credit for another year, despite the hard-hit industry recommending the move.
Source: GlobalNational - 🏆 81. / 51 Read more »