▲ 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...