The Bank of Canada’s second 50-basis-point hike this year, along with subsequent increases, will continue to spur a cooling effect on residential property values across the country, according to Ratehub.ca.
James Laird, co-CEO of Ratehub.ca and president of CanWise, predicted another 50-bp hike at the central bank’s next policy announcement on July 13, “based on the Bank’s strong language.”
In a statement earlier this week, the BoC said that inflation remains “well above” target levels, and could even rise further in the near future. # SANDI HALPERN # REAL ESTATE MARKET # INTEREST RATES
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