Slowdown in Canada’s Housing Sector Shows Risk of Higher Rates

OTTAWA — Canada’s 12-year property boom appears to be coming to an end after the Bank of Canada’s recent rate hike, which sent home sales plummeting and home price growth slowing.

The stagnation of one of the main engines of growth in the Canadian economy illustrates the trade-offs faced in countries where central banks are racing to reduce hot inflation by raising interest rates.

https://www.wsj.com/articles/slowdown-in-canadas-housing-sector-shows-risk-of-higher-rates-11652443201?mod=pls_whats_news_us_business_f Slowdown in Canada’s Housing Sector Shows Risk of Higher Rates

Edmund DeMarche

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