Rising interest rates cool down Canada's housing market

Higher interest rates are leading to more expensive mortgages, with sales in May down nine per cent compared to April and down 22 per cent compared to the same time last year.

#InterestRates #HousingMarket #Canada

Watch The National live on . Sunday-Friday at 9 p.m. ET

Subscribe to The National:

Connect with The National online:
Facebook |
. |
. |

More from CBC News |

The National is CBC’s flagship nightly news program, featuring the day’s top stories with in-depth and original journalism, with hosts Adrienne Arsenault and Andrew Chang in Toronto, Ian Hanomansing in Vancouver and the CBC’s chief political correspondent, Rosemary Barton in Ottawa.


housing market to cool