Since the results can vary greatly from province to province, interest rate variations have a considerable impact on property markets across Canada. Compared to other Canadian provinces, British Columbia (BC), with its distinct geographic, economic, and demographic characteristics, frequently experiences
Understanding the relationship between interest rates and inflation is crucial for grasping the dynamics of economic policy and its impact on the local economy. In British Columbia (BC), Canada, the interplay between these two variables significantly influences the overall economic
British Columbia’s construction industry is a cornerstone of its economy, driving growth, employment, and development. However, the sector is highly sensitive to fluctuations in interest rates, especially those related to mortgages. With recent hikes in mortgage interest rates, the construction
Homebuyers are among the main people affected by high interest rates. Rising rates translate into larger monthly mortgage payments, which makes it harder for prospective homeowners to finance homes and get approved for mortgages. This has led to a slowdown
