In response to rising inflation, the Bank of Canada began a series of aggressive rate hikes this year, bringing its policy rate from an effective lower bound of 0.25% to 1.5% in June. One of the industries hit hardest by rising interest rates has been construction, and this slowdown now threatens to ... READ MORE >
housing affordability
The housing market will endure interest rate hikes
Two years into the pandemic, the housing market remains on fire and shows few signs of receding. What was initially fueled by buyers' need for more space and a low interest rate environment has proven to have staying power. Now, with inflation hitting 7.9%, a 40-year high, in February, the Federal ... READ MORE >