What to Expect From Housing After BoC Holds Rates?

Vancouver, Toronto, Calgary

2023/03/24

BoC has decided to keep interest rates on hold after 8 consecutive hikes.Experts suggest that this will encourage buyers to enter the market, easing the demand for rental units This pause may cause rent prices to plateau, leading to stabilization in rent costs for H2, 2023. BoC's decision should lead to a temporary ↓ in rental prices as clients look to buy homes instead of renting them.