The year kicked off with a unique CRE landscape. The market transitioned from the comfort of record-low interest rates to 14-year highs, while stronger-than-expected StatCan employment data in January left central bankers pondering next steps to slow inflation.
Over the past few months, the Canadian housing market has undergone significant changes. Primarily influenced by the Bank of Canada’s decisions to raise its interest rates, sales and home prices have been declining across the country.
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