Bank of Canada increased its overnight lending rate for the first time since January, to the highest level in 22 years, a move that could hit the commercial and residential real estate markets hard.
Bank of Canada Increase in Overnight Lending Rate Could Hit Real Estate Industry
Some Investors Play Catch-Up on Boost in Rate to 22-Year High of 4.75%
By Garry Marr
CoStar News
June 7, 2023 | 9:27 P.M.
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Finance and Insurance