The Bank of Canada just 'stomped' on the housing market rebound

📆 07/06/2023 21:48:00
📰 nationalpost

⏱ Reading Time:
32 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 80%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Higher interest rates could put downward pressure on home prices and send some would\u002Dbe buyers back to the sidelines, experts say. Read on.

its key interest rate 25 basis points to 4.75 per cent on June 7 will put downward pressure on home prices, which have rebounded faster than the bank had expected,Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.

House prices had started to firm up again in April, when sales increased by 11.3 per cent — the largest monthly rise since 2009.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Écrire un Commentaire

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Canada's housing market not showing impact of higher interest rates: Report - BNN BloombergHome prices in some of Canada’s most populated cities rose in May, showing resilience amid the heightened interest rate environment, a new report has revealed.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »