So you're telling me there's a chance.

The Bank of Canada clearly said in their press release that there would need to be further rate hikes in order to combat inflation.  It was also mentioned that any future rate hikes would be data-dependent. 

Channelling my inner-Lloyd Christmas, it felt like we were going to be given a chance to have some clarity and stability in the rates, and that the days of massive rate hikes were in the past. 

The chances may be one-in-a-million, but it felt like some stability in the rates might be the news that prospective homeowners would need to get off the fence and get the housing market back on the rails. 

I’ve got my fingers crossed for the housing market to get back on track in the Spring.  Yeah!