‘This will remove buyers from the market’: Higher interest rates on Wednesday will help tame frothy housing prices, experts say - Toronto Star

With the Bank of Canada expected to raise the overnight interest rate to one per cent, prospective homebuyers will find it harder to get financing.

Canada’s central bankers may pour water on a red-hot housing market on Wednesday if they announce widely expected interest rate hikes not seen in years. As the Bank of Canada wrestles with soaring … [+4841 chars]

full article...