The central bank raised its key lending rate to 5% on Wednesday
Dampened demand expected to lead to price declines
Central bank says British households face higher debt burdens but banks are in better position to help than they were 15 years ago
Bank says rate hike to 5% was prompted by elevated demand, driven by strong consumer spending
Regulator says proposals should encourage banks to reduce the number of mortgages that would go into negative amortization
A growing population has boosted spending and the housing market but could help tame wage inflation, reports say
Forecasters say the economy has not softened enough for the central bank to back off
The Bank of Canada has identified household debt as a key risk
The latest evidence of economic strength makes it all but certain that the Fed will resume rate hikes
Buyer interest remains high but supply is tight and mortgage rates tough to grapple with