Economic, GovernmentTORONTO – One Bay Street economist says it’s unlikely the housing market will flare up, despite the Bank of Canada’s decision to keep its key interest rate on hold on Wednesday.
“The minute the Bank of Canada started to raise interest rates, the housing market went extremely quiet,” he said. “I don’t think it’s going to translate as forcefully to the market picking up in the second half of the year,” Kavcic said.