Latest threats of rising interest rates and high inflation may shift real estate outlook

DM

Popular outrage at the soaring price of Canadian housing has a fix that almost no one is talking about — certainly not those aspiring to be Canada’s prime minister. While they have not framed it specifically as a method of curbing Canada’s property sector, central bankers are the exception to that rule. Bank of Canada governor Tiff Macklem insists he is preparing to push a lever expected to have a real effect on the escalating price of houses: hiking interest rates. People with a stake in Canada’s diverse housing sector, including homeowners, investors and those aspiring to buy, will be paying close attention to Wednesday’s latest data from the Canadian Real Estate Association. They will also be watching Canada’s inflation numbers coming out on the same day, expected by economists to hit 3.9 per cent. If so, that will be the highest Canadian inflation figure since 2003.

Notifications - Subscriptions
Notify of
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

2
0
Would love your thoughts, please comment.x
()
x