How interest rates will drive Canada's housing market in coming months
Lower interest rates might be the only thing that could revive Canada's housing market as supply outpaces demand, experts say. Read more.
Stay updated with breaking news from Steve Saretsky. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Lower interest rates might be the only thing that could revive Canada's housing market as supply outpaces demand, experts say. Read more.
Realtors John Pasalis and Steve Saretsky discuss how lower interest rates can revive Canada's housing market. Watch here.
Watch: Realtors John Pasalis and Steve Saretsky discuss the latest housing figures in Toronto and Vancouver
Building more housing in Canada will require a herculean effort across all levels of government. Some policy solutions are easier than others, such as removing the GST from purpose-built rentals, but there are other things governments can do right now to get more housing built.
While the Bank of Canada has stopped the bleeding, holding its key interest rate at five per cent for now, B.C.’s housing minister says that doesn’t do anything to increase affordability.