In recent stories from the CBC and the Financial Post, Chief Economist Charles St-Arnaud has been quoted discussing how rising interest rates are impacting the housing marketing across Canada.

Experts say affordability is still a problem and increased interest payments mean it won’t change very soon. “With the increase in interest rates, those mortgage payments have absolutely soared,” said Charles St. Arnaud, chief economist with Alberta Central, the trade association for Alberta’s credit unions.

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