Hoping we might not get another interest rate increase but of course, it's another .25%. Comments have been that inflation is slowing so this just might be the last one in a series of increases that began last spring.
It's definitely affected the real estate market, pushing Buyers out of affordability & also affecting homeowners coming up for renewal of their mortgages.
What happens if interest rate increases stop? Next meeting of the Bank of Canada is March 8th & holding the line would send a message of market stability that would encourage both Buyers & Sellers and... that couldn't come soon enough!
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