What is the inflation impact in Canada

Vancouver, Toronto, Calgary

2022/08/03

The aggressive approach by the BoC increasing rates, will send more buyers to the sidelines, especially in BC and Ontario. The Bank of Canada’s aggressive approach to combating inflation recently led to a 1% rate hike, bringing Canada’s benchmark borrowing rate to 2.5%.It is forecast the overnight rate will increase to 3.25% by October.