186
Bank of Canada raises its interest rate to 5%
(www.cbc.ca)
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this post was submitted on 12 Jul 2023
186 points (98.4% liked)
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Depends. Maybe OP meant outright.
Or with a large downpayment. People that bought within or below their means might be well within the position to upgrade using their savings. After all, high interest rates are good for those savings.