The Canadian real estate market can breathe a little easier following Bank of Canada comments.Following its announcement of a rate hike on 25 January, the central bank also indicated that it would pause the hiking cycle – at least, for now.Slowing down or halting an increase in interest rates could lead to the return of reluctant home buyers, as well as some relief for people holding variable-rate mortgages or home equity line of credit. With this, the housing market could see "muted recovery."

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The Canadian real estate market can breathe a little easier following Bank of Canada comments.Following its announcement of a rate hike on 25 January, the central bank also indicated that it would pause the hiking cycle – at least, for now.Slowing down or halting an increase in interest rates could lead to the return of reluctant home buyers, as well as some relief for people holding variable-rate mortgages or home equity line of credit. With this, the housing market could see "muted recovery."