Historic housing correction is underway in Ontario RBC says This is how much prices could fall

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The Bank of Canada has increased its key overnight lending rate from 0.25 per cent to 2.5 per cent over the last several months in a bid to curb inflation and has warned that more hikes will likely be necessary. In its report, RBC said that it now expects the overnight rate will reach 3.25 per cent by October.

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