Ontario's red hot housing market might actually cool off in 2022
It's no secret that Ontario real estate is excessively expensive, but with inflation at a three-decade high, the Bank of Canada's recent signalling of hikes in interest rates has experts at RBC asking "Will a rapid rise in interest rates finally cool down our housing market?"
It's a question that's been on the minds of many aside from just experts, from those with connections in the real estate biz to investors to prospective buyers that have been priced out of the home-buying market.
Article Written By: Jack Landau
Original Article Posted on: 29 April 2022
Link to Original Article: https://www.blogto.com/real-estate-toronto/2022/04/ontarios-housing-market-cool-2022