Experts say the Bank of Canada’s quarter point rate hike will hurt variable rate borrowers and those renewing mortgages, but lack of listings will continue to buoy GTA house prices.
As Toronto’s real estate market continues to struggle amid the Bank of Canada’s aggressive campaign to hike interest rates, some agents say that they are increasingly hearing from buyers of pre-construction condos who are worried about closing the deal.
As Toronto’s real estate market continues to struggle amid the Bank of Canada’s aggressive campaign to hike interest rates, some agents say that they are increasingly hearing from buyers of pre-construction condos who are worried about closing the deal.