Bank of Canada Cuts, Rents Fall, and the NDP pulls the plug on Trudeau Bank of Canada Cuts, Rents Fall, and the NDP pulls the plug on Trudeau
The Loonie Hour
Canadian Housing Market Challenges
This chapter examines the effects of potential interest rate changes by the Bank of Canada on mortgage rates and household debt, emphasizing the limited relief these adjustments may provide to financially pressured households. It discusses the stagnation of property values, the psychological barriers to price reductions, and the ripple effects of declining foreign student enrollment on rental prices across the Canadian real estate market.
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