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]

The housing market in Canada continues to be a cause of concern for many, with a recent poll finding that an overwhelming majority of respondents fear they would not be able to purchase their own homes. According to a poll done by Counsel Public Affairs from January 21-23, 83% of eligible Ontario voters are either very concerned or somewhat concerned about the cost of housing in their neighborhood. The younger generations have been fed for years is false, as we all know: Sure, with the... [read more]