BUSINESS NEWS

Slowdown in Canada’s Housing Sector Shows Risk of Higher Rates



OTTAWA—Canada’s 12-year real-estate boom appears to be coming to an end following the Bank of Canada’s recent rate increases, which have triggered a sharp decline in residential sales and a slowdown in home-price gains.

The slack in one of the Canadian economy’s main engines of growth illustrates the trade-offs faced in countries where central bankers are racing to douse red-hot inflation by raising interest rates.



Source link

Leave a Reply

Your email address will not be published.

close