▲ 20 ▼ Rate hike could drag down already slumping housing market (www.ctvnews.ca) submitted 1 week ago by quanin@lemmy.ca to c/canada@lemmy.ca 5 comments fedilink hide all child comments OTTAWA – After the Bank of Canada announced its new policy rate of 2.5 per cent, it conceded that the increase could further weigh down a Canadian housing market that’s already expected to shrink by one per cent this year. Not that I'm buying a house any time soon but...
[–] Knoxvomica@lemmy.ca 12 points 1 week ago (3 children) GOOD. permalink fedilink source hideshow 3 child comments replies: [–] atrizzy@lemmy.ca 2 points 1 week ago (2 children) If you're hoping for a housing crash (beyond the 30% price reduction already experienced over the last few years) I hope you have a really essential job. Because a lot of people will have lost theirs. permalink fedilink source parent hideshow 2 child comments replies: [–] Knoxvomica@lemmy.ca 3 points 1 week ago (1 child) Not hoping for a crash, hoping for a slowdown. permalink fedilink source parent hideshow 1 child comment replies: [–] atrizzy@lemmy.ca 2 points 1 week ago Well, you're in luck! permalink fedilink source parent
[–] atrizzy@lemmy.ca 2 points 1 week ago (2 children) If you're hoping for a housing crash (beyond the 30% price reduction already experienced over the last few years) I hope you have a really essential job. Because a lot of people will have lost theirs. permalink fedilink source parent hideshow 2 child comments replies: [–] Knoxvomica@lemmy.ca 3 points 1 week ago (1 child) Not hoping for a crash, hoping for a slowdown. permalink fedilink source parent hideshow 1 child comment replies: [–] atrizzy@lemmy.ca 2 points 1 week ago Well, you're in luck! permalink fedilink source parent
[–] Knoxvomica@lemmy.ca 3 points 1 week ago (1 child) Not hoping for a crash, hoping for a slowdown. permalink fedilink source parent hideshow 1 child comment replies: [–] atrizzy@lemmy.ca 2 points 1 week ago Well, you're in luck! permalink fedilink source parent