Is It Right Time To Sell Your House? Could Rate Hikes Lead to a 20% Drop in Home Prices?

Wednesday Mar 2nd, 2022

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  The Bank of Canada raised its benchmark interest rate to 0.5 percent on Wednesday, a move that's expected to be the first of a series of small rate hikes this year in an attempt to tame inflation that has risen to its highest point in decades. It's the first time the bank has raised its rate since 2018.  So Could Rate Hikes Lead to a Significant Drop in Home Prices?  Based on the pattern created between 2015 and 2017, home values could decrease as much as 20%... [read more]

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