Learn how interest rates impact your savings and borrowing. What causes them to rise and fall and find how their movements affect your money.
![A housing illustration](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/TD-2022-12-16T114902.692-1.jpg?quality=80&w=680)
Downward housing price pressure likely to persist in early 2023, says RBC Economics.
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After a record-shattering 2021, a new report from RBC Economics predicts Canada's housing market will cool down this year — a bit.
More From Understanding Interest Rates
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RBC Economics reports on latest Bank of Canada decision to hike key rate to 0.5%.
![A house with a for sale sign outside. A line chart depicting price runs over top.](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Thumbnail-feature-671-1.jpg?quality=80&w=320)
After a record-shattering 2021, a new report from RBC Economics predicts Canada's housing market will cool down this year — a bit.