The Bank of Canada's interest rate increase is expected to drive the damp housing market in the country to a complete chill and reinforce the view that property values will decline.
Home resales and prices have been tumbling since the central bank embarked on a series of rate increases as it seeks to arrest inflation. The latest of these was an increase of a full percentage point - more than the consensus estimate of 75 basis points - pushing its benchmark interest rate to 2.5 per cent from 1.5 per cent. It is the fourth consecutive interest rate increase since March, and the first time the bank has raised its rate by a full point since 1998.
هذه القصة مأخوذة من طبعة August 2022 من Construction Philosophy.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 2022 من Construction Philosophy.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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