Affordability is set to worsen in one of the world’s hottest property markets

TORONTO (CU)_A couple of months ago, the Bank of Canada signalled that it may increase its benchmark interest rate earlier than anticipated, from its near zero since March last year. With inflation running at a record high, the central bank will be left with no choice but to hike rates as early as April 2022. Accordingly, Canadians are rushing to…