Perch CEO Alex Leduc explains how the latest Bank of Canada interest rate hike will affect the real estate market. The market is still pricing in that rates inflation should go back to normal, but ultimately the outlook is still that we will start seeing cuts. The expectation that the market is pricing in is that they're going to start cutting about a percent a year, starting in the middle of next year. Quarter-point hikes shouldn't change a lot of people's mentalities around housing or purchases, but for every quarter-point increase, payments on every $100k increase by about $14 a month.
Your host, MacKenzie Wilson, with SingleKey and ALC.