Bank of Canada predicts further dip in home prices after delivering quarter-point rate hike

Bank of Canada predicts further dip in home prices after delivering quarter-point rate hike

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The Bank of Canada is predicting home prices will decline further after it raised interest rates Wednesday for the eighth consecutive time, but it expects sales activity to pick up later in the year. The typical home price across the country is already down 13 per cent from its peak last February…

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