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High interest rates are still a problem for potential homebuyers: Here is advice for navigating the real estate market

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Since January 2022, the Bank of Canada has [raised interest rates](https://moneywise.ca/news/economy/bank\u002Dof\u002Dcanada\u002Dinterest\u002Drate) from a

on median home prices for non-condominiums was 120 per cent of the median income for Q2 2022, while Toronto was at approximately 96 per cent.The Toronto Regional Real Estate Board

Dinani and Storey both believe it’s critical to audit yourself and your finances before jumping into the housing market.

 

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Higher interest rates isn’t the problem, the problem is the government that told people that interest rates would never go up. TrudeauBrokeCanada TrudeauMustGoNow

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