Rising interest rates cool Canadian housing sector
Home sales dropped by 22% year-on-year and 9% month-on-month in May as the Bank of Canada raised interest rates
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In this article
- Pandemic pushes up prices
- Bank of Canada acts
- Fast-track tightening
- Impacts of rate rises
- Over-leveraged households
- Distributed decline
- Housing affordability
- Demand pressures
- Rental costs
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