The dual housing-happiness crisis, possible interest rate hikes ahead, the Home of the Week and more top real estate stories
The Bank of Canada has maintained its current interest rate but warned of potential hikes due to high oil prices, raising concerns for mortgage affordability. The ongoing housing crisis is significantly impacting the well-being of young Canadians, with housing unaffordability identified as a major factor in declining life satisfaction. Meanwhile, a spotlight is placed on a prominent B.C. developer facing succession challenges and a featured waterfront property in Ottawa.
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Open this photo in gallery:The Home of the Week is a rare waterfront find in Ottawa.Inside Out MediaShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThis week: The Bank of Canada’s interest rate warnings leave mortgage-holders worried, and the housing crisis is also driving an unhappiness crisis. Plus, the Vancouver developer you might not know about (but should) and one property worth a look.Take our business and investing news quizInterest rateBoC warns rate hikes could be ahead, raising mortgage concernsThe Bank of Canada held the interest rate steady again this week, but it could be rough times ahead for your mortgage.
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