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In Canada, the current housing market is facing a unique situation where increasing interest rates have not caused home prices to fall. The shortage in housing supply is causing high home prices and higher mortgage payments for buyers. Experts predict that this trend could continue until interest rates decrease. "We expect the Bank of Canada to gradually start cutting interest rates in the coming year, so that could be one element that helps improve affordability," said Kyle Dahms, National Bank of Canada Economist. Nivrita Ganguly has the details. For more info, please go to https://globalnews.ca/news/10064907/b... Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #housing #affordability