After the Bank of Canada announced its new policy rate of 2.5 per cent, it conceded that the increase could further weigh down a Canadian housing market that’s already expected to shrink by one per cent this year.

OTTAWA – After the Bank of Canada announced its new policy rate of 2.5 per cent, it conceded that the increase could further weigh down a Canadian housing market that’s already expected to shrink by one per cent this year.

Not that I’m buying a house any time soon but…

  • farmgineer@nord.pubEnglish
    0·
    6 days ago

    I have Canadian citizenship, though grew up elsewhere. I did visit quite a bunch. I’ve long thought of living there for a few years, but the housing prices near to where I’d want to be (near my job, public transport, arts, etc.) just made me basically rule that out.

    • atrizzy@lemmy.caEnglish
      0·
      6 days ago

      If you’re hoping for a housing crash (beyond the 30% price reduction already experienced over the last few years) I hope you have a really essential job. Because a lot of people will have lost theirs.