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

📆 07/06/2023 20:48:00
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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

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

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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.
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