Real Estate
Canadians Deepen Faith in Red-Hot Housing While Rate Hikes Loom
- 64% expect real-estate prices to rise over next half year
- Jump in sentiment comes amid central bank, regulatory warnings
A condominium building under construction in Montreal. Prices in Canada’s housing market have surged more than 40% since the start of the pandemic.
Photographer: Graham Hughes/BloombergThis article is for subscribers only.
Real-estate-addicted Canadians aren’t being scared off by the threat of higher interest rates, polling suggests.
Optimism about the nation’s housing market rose to near record levels last week, despite warnings from central bank and regulatory officials that borrowing costs are poised to increase and could hit the real estate market.