BoC rate hike put a chill on Canadian housing in June – Mortgage Rates & Mortgage Broker News in Canada

The Bank of Canada’s recent rate hikes have had a mixed impact on Canada’s major housing markets, with home sales and prices cooling down compared to May in some of the largest markets. Despite this, activity is still up from a year ago thanks to a healthy labour market and increased migration levels. Toronto and Vancouver saw the greatest slowdown, with home sales down by 18% and 13% respectively on a month-over-month basis.

Get Today's Best Rate!

    This will close in 0 seconds