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‘The mortgage-rates screws have tightened significantly’: BMO senior economist

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow BMO senior economist Robert Kavcic detailed the effects of rising rates on the domestic housing market, “We argued after the latest Bank of Canada pause that it wasn’t going to have the same positive impact on the housing market as the one we saw in the spring. That thesis is getting stronger now with the selloff in the bond market. Five-year GoC yields pushed above 4.4 per cent, or the highest since 2007—in fact, the yield is now at the high end of that period’s…

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