and will indirectly cause shelter costs, such as the price of rent, to rise as landlords look to pass off higher costs to tenants, housing experts warn.
“Today’s rate hike is going have a psychological effect that will keep homebuyers on the sidelines as they wait for rates to come down – meaning more people will now compete for a rental unit,” he added. “These rising rates are acting as a blockage for more properties to come online as people hold off on selling or buying homes in an uncertain interest rate environment,” Phil Soper, president and chief executive officer of Royal LePage, told BNN Bloomberg in an interview on Wednesday.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: