top of page
Search
  • Writer's picturePopCan

Home prices will peak this spring after rising rates prove 'game changer,' predicts RBC

Calgary Herald: 'The Bank of Canada has now raised rates to one per cent, and RBC expects the central bank will add another 100 basis points over the next six months to reach two per cent, slightly above the pre-pandemic level of 1.75 per cent....


'...Prices will peak this spring and then weaken modestly over the rest of the year, Hogue said. RBC increased its price forecast for 2022 to an 8.1 per cent rise, because of a stronger-than-expected start to the year. But it lowered its forecast for 2023, where it now sees prices falling by 2.2 per cent.


'“We think the national benchmark price could drop close to five per cent on a quarterly basis from peak to trough,” said Hogue.'

2 views0 comments

Recent Posts

See All

Russia cuts off gas to Latvia

MSN: 'Russian energy giant Gazprom says it has suspended gas supplies to Latvia - the latest EU country to experience such action amid tensions over Ukraine. Gazprom accused Latvia of violating condit

Hearing for Ontario clot-shot passports postponed

JCCF: 'The Justice Centre regrets to announce that the Ontario Superior Court of Justice has postponed the constitutional challenge to the Ontario government’s now-cancelled vaccine passport mandates.

Comments


bottom of page