Higher interest rates mean houses are less affordable even as their values drop. But the income required to buy that home went from $246,100 to $250,000 because interest rates went up again. Fin du widget Widget. Both consumers and businesses feel the impact of higher interest rates is just beginning. But he says Canadians should not expect a return to the good ole days of extreme low interest rates.

Source: CBC News October 19, 2023 19:20 UTC