Weekend Listen: Will an interest rate hike derail our housing market?

About this episode

Few things are spookier than an interest rate hike. Enjoy this special feed drop of our sister show "In This Economy?!" The Bank of Canada opted to hike interest rates for the first time in three years in an effort to help runaway inflation because of high energy prices. There are concerns this could push potential homebuyers to the sidelines and further hurt those looking to renew mortgages, as Canadians grapple with a rising cost-of-living. Throw in geopolitical tensions thanks to the Trump Administration, and we could see a pattern of interest rates in the near future. Host Kris McCusker speaks to Clay Jarvis is a mortgage expert at Ratehub.ca to discuss what changes to make to your monthly budgets, and how homeowners and potential homeowner should approach the next few months. We love feedback at The Big Story, as well as suggestions for future episodes. You can find us: Through email at hello@thebigstorypodcast.ca Or @thebigstory.bsky.social on Bluesky Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.