Even before the Bank of Canada formalized its decision to pause interest rate changes on Wednesday – it all but telegraphed the move after a quarter-point hike in late January – some housing markets in the country were already showing signs of life following a pronounced downturn in 2022. Anne Gaviola reports on how the interest rate pause has impacted the market so far, and why experts don’t agree on what’s to come.
- High interest rates are slowing homebuilding, but the worst is yet to come
- Home prices, sales have plunged in the last year. Is this the bottom?
- What the Bank of Canada’s rate hold means for the spring housing market