Source: Global News —
Real estate watchers say rising interest rates are already starting to have a “cooling effect” on Canada’s hot housing market, but some economists are warning that the Bank of Canada will have to strike a tough balance with monetary policy tightening or risk a market crash.
Central banks across the world have signalled plans to hike interest rates through 2022 in an effort to tame global inflation, with the Bank of Canada kicking off what’s expected to be a series of increases to the key overnight rate earlier this month.
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