Real Estate News

Canadians may see a 0.5% interest rate hike this week thanks to ‘persistent’ inflation

Posted on May 31, 2022 in Real Estate News

The Bank of Canada is likely to hike its benchmark interest rate another half a percentage point on June 1, further raising the cost of borrowing to tackle “persistent” inflation levels not seen in 30 years, economists predict.

Economists who spoke to Global News all said they expect the central bank’s key interest rate to rise to 1.5 per cent on We...

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Inflation, supply chain and interest rate hikes lead to 'strategically' priced Vancouver real estate

Posted on May 25, 2022 in Real Estate News

In the past few months and to date, we are experiencing a layering of things that affect real estate markets – supply chain issues, inflation and interest rate hikes for example.

We currently see tighter movement in the mid-tier of the luxury real estate market, around $6 million to $8 million. The higher ends of $10 million-plus and $20 million-plu...

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