The benchmark rate hike will no doubt impact a lot of people here in the Okanagan–especially those with variable rate mortgages and lines of credit. But as Klaudia Van Emmerik reports, some say it could also have a positive impact on the real estate market by eliminating the buying frenzy.
Bank Of Canada Increases Key Interest Rate
Benchmark interest rate hike expected to normalize Okanagan’s real estate market
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