Steady interest rate complicates mortgage math and the Home of the Week: Canadian real estate news for the week of June 6

Steady interest rate complicates mortgage math and the Home of the Week: Canadian real estate news for the week of June 6

Home of the Week: This Annex-style brick mansion on 90 Madison Ave. in Toronto takes a classic to new heights.

Hi, I’m Moira Wyton, an audience editor at The Globe filling in for Jacob from Vancouver, the other real-estate hotbed of Canada.

This week, we’re crunching the numbers on why the Bank of Canada’s decision to hold its key interest rate could make it harder for homeowners and prospective buyers to figure out their mortgage plans. Plus, we’ll dive into the downsides of downsizing and one property worth a look.

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Interest rates

Bank of Canada holds key interest rate steady, complicating the math for homeowners