On Wednesday, the Bank of Canada hiked its key policy rate by 25 basis points to 4.5 per cent – the highest level in 15 years. The Canadian central bank indicated it would pause its hiking cycle if economic conditions remain stable, as it pursues its goal of bringing decades-high inflation back to a target level of two per cent.
“The bank believes this is as much tightening as we need to get inflation back on track, and everyone who's got a mortgage should hope they’re right.” Chandra said interest rates are already affecting the housing market – a sector that typically feels some of the first impacts of interest rate policy – but it’s a “positive” that the central bank could be at the end its eight-month hiking cycle.
“It's a guarantee that a minority of homeowners with a mortgage, particularly a floating rate mortgage, are going to have to sell because they can't make their payments,” he said. Another unknown variable in the mix is when exactly the central bank will start cutting interest rates as inflation comes down.
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Posthaste: What another Bank of Canada hike would mean to borrowers and the housing marketBank of Canada is expected to raise interest rates again. What does this mean to Canadian borrowers and the housing market. Find out
แหล่ง: nationalpost - 🏆 10. / 80 อ่านเพิ่มเติม »
Posthaste: What another Bank of Canada hike would mean to borrowers and the housing marketBank of Canada is expected to raise interest rates again. What does this mean to Canadian borrowers and the housing market. Find out
แหล่ง: financialpost - 🏆 7. / 85 อ่านเพิ่มเติม »
Posthaste: What another Bank of Canada hike would mean to borrowers and the housing marketBank of Canada is expected to raise interest rates again. What does this mean to Canadian borrowers and the housing market. Find out
แหล่ง: fpinvesting - 🏆 43. / 63 อ่านเพิ่มเติม »
Posthaste: What another Bank of Canada hike could mean to the housing market and borrowersMost expect another hike on Wednesday, and the market is putting high odds on a quarter-point increase, which would take the rate to 4.5%
แหล่ง: YahooFinanceCA - 🏆 47. / 63 อ่านเพิ่มเติม »
Posthaste: What another Bank of Canada hike would mean to borrowers and the housing marketBank of Canada is expected to raise interest rates again. What does this mean to Canadian borrowers and the housing market. Find out We can’t handle another hike. It’s killing us. Need a reduction! Are the rich affected by hikes. Nope! Tax em.
แหล่ง: calgaryherald - 🏆 64. / 52 อ่านเพิ่มเติม »
Posthaste: What another Bank of Canada hike could mean to the housing market and borrowersBank of Canada is expected to raise interest rates again. What does this mean to Canadian borrowers and the housing market. Find out
แหล่ง: fpinvesting - 🏆 43. / 63 อ่านเพิ่มเติม »