The Bank of Canada has raised its overnight lending rate

The Bank of Canada recently announced that it will be raising its overnight lending rate to 5%, a move that has left many Canadians uncertain about the future of the housing market. As we navigate this impact, it’s important to understand what this means for homeowners, homebuyers, and the real estate market as a whole.

Link thorough to this article from Realtor.ca for a more in depth look.

https://www.realtor.ca/blog/bank-of-canada-raises-rate-to-5-how-will-this-affect-homeowners-and-buyers/32400/1362

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