The hope for the Bank of Canada is this rate hike will counter inflation, which for the month of March was at 6.7 percent, 6.5 percent here in Alberta.
When, I don’t know.” Gallagher shares that with the slow down, buyers will have a bit more time to make their home purchasing decisions, which is not a bad thing.
Gallagher believes the cool down of the market will bee seen in larger centres before we really see it in the Drumheller Valley.