Published
Buyers looking to upsize their homes drove the surge of housing activity between interest rate hikes in the first half of the year, according to a new report from Re/Max Canada.
The housing correction across most markets hit its “trough” in January, according to Re/Max President Christopher Alexander, as the Bank of Canada paused its interest rate hike cycle before resuming again in June and July.
That period of stability “opened the floodgates” for buyers, he said.
Alyssa Julie reports.
For more info, please go to https://globalnews.ca/news/9842564/upsizing-homes-canada-interest-rate/
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The housing correction across most markets hit its “trough” in January, according to Re/Max President Christopher Alexander, as the Bank of Canada paused its interest rate hike cycle before resuming again in June and July.
That period of stability “opened the floodgates” for buyers, he said.
Alyssa Julie reports.
For more info, please go to https://globalnews.ca/news/9842564/upsizing-homes-canada-interest-rate/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #realestate
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- U.S. & Canada
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- global news, real estate, Canada real estate
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