Rate hike could shave 15-20% off home sales volume: Housing economist
Diana Petramala, senior researcher at the Centre for Urban Policy and Land Development at Ryerson University, joins BNN to talk about the impact of the Bank of Canada decision on housing.
Some homeownership dreams dying as mortgage rates rise
Following a fresh round of mortgage rate hikes ahead of an anticipated rate increase at the Bank of Canada, we examine the challenges ahead for aspiring first-time homebuyers in Canada. Rob Carrick, personal finance columnist at The Globe and Mail, says for some first-time buyers — especially in the Toronto and Vancouver regions — the dream of homeownership is fading away.