Let's Talk House Episode 14: Understanding Bank of Canada Interest Hike, Inflation and House Affordability

Let's Talk House Episode 14: The cost of bringing down inflation is becoming challenging even for Bank of Canada as the country's economy remains strong with strong labour market demand. This resulted in a 25 basis point increase that caught even the majority of economist off-guard. In anticipation for the rate hike, the prime rate, variable and fixed rate mortgages have gone up as well. Join us as we explore the far-reaching implications of the Bank of Canada's rate hike on homeowners and prospective buyers, shedding light on the evolving dynamics of the real estate market.

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