The Bank of Canada (BoC) raised the interest rate to 0.5% on March 2nd. This leaves us with one burning hot question: how will higher rates impact the Canadian real estate sector? Many market analysts and economists are predicting that the BoC will continue to raise rates throughout the year to help combat the sharp increase in inflation, which could consequently lead to the real estate market slowing down. While most signs point to the ease in real estate pricing this year because of the increase in interest rates, many forecasts are also suggesting that valuations of homes will continue to rise through to the end of 2022. According to the RE/MAX 2022 Canadian Housing Market Outlook report, low supply and high demand continue to be a key factor in the continuation of rising home prices, with an expectation of a 9.2% spike in 2022. Rising interest rates don't have to be scary. Give me a call at 📲 647-302-2003 and we'll work together to find your new home. . . . . . #realestate #...