Bank of Canada not seeing ‘alarm bells’ in housing market despite mortgage pain - National | Globalnews.ca

— has effectively cooled housing activity and driven double-digit declines in home prices across many markets.

Those with variable rate mortgages who purchased homes at the peak of prices during the pandemic, for instance, as well as those renewing their fixed mortgages in today’s higher interest rate environment, are in many cases facing much higher monthly payments. , Macklem also said that Canada’s housing market has “strong underlying fundamentals” that will sustain demand in the sector longer-term.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of Canada governor says global bank stress may alter rate path - BNN BloombergBank of Canada of Governor Tiff Macklem acknowledged that a further tightening of financial conditions due to global banking stresses could alter the future path for domestic interest rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »