The Canadian housing market has been a topic of significant interest and discussion, and recent developments have brought even more attention to it. The Bank of Canada has announced a 0.25% increase in the interest rate, prompting concerns and speculations about its potential effects on the housing market. In this blog post, we will delve into the implications of this interest rate hike, shedding light on its impact on fixed rates, market sentiment, and the prevalent "fear of missing out" phenomenon.