Hello, everyone.
I provide you with Canada’s news headlines for real estate news for today.
‘Misguided’ for Bank of Canada to raise rates: Capital Economics
According to BNN,
The Bank of Canada’s new-found optimism in the economy means that there is a risk it could raise interest rates very soon, but we don’t think a rate hike this week to 0.75 per cent, from 0.50 per cent, is a foregone conclusion. The economy isn’t out of the woods yet, since it is still heavily dependent on housing, record household borrowing and consumption to support 90 per cent of GDP growth.
The detail is here.
Mortgages won’t be only problem for many Canadians as rates rise
According to CBC News,
With the Bank of Canada set to raise lending rates, mortgage holders have been warned to expect more expensive debt than they’ve become used to. But other forms of debt are even more vulnerable to the tiny rate hikes to come.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
Also published on Medium.
