The Bank of Canada has indicated it may increase rates one more time before the summer ends, a move that could deal another blow to some commercial real estate owners struggling with debt. Property professionals say buyers and developers could face more difficult decisions.
Real Estate Investors Brace for Another Bank of Canada Rate Increase
Further Increases Could Lead to Less Construction, Tenants Seeking Lower Priced Property
By Garry Marr
CoStar NewsJuly 20, 2023 | 3:42 P.M.
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