Rosenberg Research Says Bank of Canada Shouldn't Hike Rate as Higher Borrowing Costs Weigh on Housing Market
MT newswire2026/10/08 13:5009:50 AM EDT, 10/08/2026 (MT Newswires) -- The Bank of Canada shouldn't raise rates, as higher borrowing costs are already weighing on the country's housing market, according to Rosenberg Research in a Thursday note. Higher global bond yields are feeding through to Canada's mortgage market, adding to financial pressure on an already weakening real estate sector, wrote Rosenberg Research. As an example, Rosenberg cited this week's data that showed Toronto home sales fell 9% annually in September, accelerating from a 2.1% drop in August and reversing a 9% gain in June. New listings fell 14.4%, while average prices declined more than 5% annually. Rosenberg added that another Bank of Canada rate hike would further strain the housing market by raising borrowing costs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Canaccord Genuity: Lowers Oklo's target price to $66
"No-drill dental filling" company vVardis (VVVV.US) launches a $214 million US IPO, scheduled to be priced this week.
Dental treatment company vVardis has announced the terms for its $214 million US IPO.
Wegovy improves multiple liver indicators in non-obese liver disease patients, and Novo Nordisk (NVO.US) is expected to expand its market beyond weight loss
Novo Nordisk reports that some patients treated with Wegovy have shown improvements in liver conditions.
Crypto prices
More
