In Wednesday’s announcement, The Bank of Canada raised its benchmark interest rate by 1.00% which was a larger increase than had been anticipated. This is the largest single increase in the overnight rate that we have seen in more than 20 years. Why? During the pandemic the central bank cut the lending rate to stimulate the economy by encouraging people to borrow and invest at a low rate. It...
2020 and 2021… unprecedented years with a unique set of circumstances that have drastically impacted almost every part our lives. The real estate market has been no exception and has seen some surprising developments for many professional forecasters. Are you wondering how this global pandemic continues to impact the housing market today? And how it will impact our future market? The housing market...