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Canadian Housing Market: Interest Rates and Inventory

Vancouver, Toronto, Calgary
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The BoC has kept interest rates steady at 4.5%, after eight consecutive hikes. The high-interest rate affects both fixed-rate and variable-rate homeowners. Others seek professional advice to reduce mortgage payments or downsize homes. Local housing prices are decreasing, but inventory remains low.

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Canada, Ottawa, Vancouver Island, Edmonton, Kelowna, Quebec, British Columbia, Ontario, Alberta, Manitoba, Saskatchewan