Canada’s real estate market is notoriously unhinged. Home prices are up more than 35 per cent in just four years. Mortgage interest costs are up 30.9 per cent year over year. And rental prices are continually hitting record highs. As inflation comes under control, there is a growing chorus calling on the Bank of Canada to cut interest rates, easing at least some of those affordability issues. But Bank of Canada governor Tiff Macklem says a lower interest rate isn’t the silver bullet people are hoping for. “Housing affordability is a significant problem in Canada but not one that can be fixed by raising or lowering interest rates,” Macklem said during a speech in Montreal on Tuesday. Mackle
Hence then, the article about analysis bank of canada governor says interest rate relief won t deliver new housing supply cbc news was published today ( ) and is available oncanadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( ANALYSIS | Bank of Canada governor says interest rate relief won’t deliver new housing supply | CBC News )