News Formal

Residential market settles after post-pandemic frenzy

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

International economic shocks, inflation and rising interest rates have slowed activity, writes Catherine O’Connor of Colliers. However, demand remains solid, particularly at the upper end of the market

This year, the residential market has been struck with a series of shocks including surging inflation and supply chain issues which drove sharp increases in energy and construction costs.

Central banks have responded to high inflation by raising interest rates and this is having a knock-on effect on the mortgage market. Tracker mortgage rates increased immediately, and most banks have also increased interest rates for new fixed-rate mortgages.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA

Canada Canada Latest News, Canada Canada Headlines

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

International investors see long-term value in Dublin pub marketOpinion: 27 pubs with a capital value of just over €91m have been sold in the capital so far this year.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »