How and when will rising rates impact the housing market?

TORONTO (CU)_The Bank of Canada on Wednesday, tightened its monetary policy for the first time since 2018, hiking the benchmark interest rate by 25 basis points to 0.50 per cent. This would mean that variable mortgage rates would also begin to rise, although experts are of the view that they would have to move substantially higher before they begin to have a significant impact on home buying activity.
“Fixed rates have…