Canada's housing markets are slowing under the weight of higher interest rates this fall, with an RBC report arguing that's giving some buyers more choice.
While the Bank of Canada is expected to keep its key lending rate at 5% in October, a new poll finds that isn't easing the concerns of Canadian homeowners whose mortgages are soon coming up for renewal. Aaron McArthur reports. – Oct 23, 2023Homebuyers are more often getting the “upper hand” — and better prices — on sellers in Canada’s slowing real estate markets, according to a new
Those buyers who are able to qualify for a mortgage amid higher interest rates have been able to extract lower prices in some Ontario, Quebec and British Columbian markets, according to the report from RBC’s Robert Hogue and Rachel Battaglia.Story continues below advertisement
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