By late 2021, home prices were 19% beyond the borrowing capacity of median-income households in Canada, the report says, and the gains since then have just made it worse.
Oxford expects a cautious path with three more hikes this year, a pause to assess the economy, and then gradual increases that will lift the rate to 2% by mid-2024.
There are risks.
WHO IS EUGENE TENENBAUM? In the early 1990s, the Toronto accountant, who spent the first decade of his life in Kyiv, Ukraine, before immigrating to Canada in the mid-1970s, took a job as national director of KPMG Peat Marwick Russia.
cents, its strongest since March 3, as investors bet the Bank of Canada will keep pace with the U.S.
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