Tag: 2023 forecast

2023 with question mark asking if January 2023 interest rate hike will be last.

January 2023 Interest Rate Hike & Forecast

Overview: a look at the January 2023 interest rate hike, including its impact on Toronto home sales, prices, inventory and mortgages, plus predictions for future rate increases. On January 25, the Bank of Canada (BoC) raised its overnight lending rate by 25 basis points to 4.50%. Although that was the 8th consecutive hike from the BoC, it also marks the…