Canadian real estate prices are back to surging after a correction that barely lasted a year. However, the momentum carrying prices higher isn’t expected to last very long after the latest Bank of Canada (BoC) rate hike. RBC, the country’s largest bank, expects rising interest rates will throttle demand at a time when more supply […]
Canadian real estate prices are back to surging after a correction that barely lasted a year. However, the momentum carrying prices higher isn’t expected to last very long after the latest Bank of Canada (BoC) rate hike. RBC, the country’s largest bank, expects rising interest rates will throttle demand at a time when more supply is finally beginning to appear. The result will be a much more balanced market, helping to calm the credit-driven price growth that re-appeared with easing central bank expectations.
People with more cash and great dual incomes pushing themselves as hard as they can go to buy because they’re “never going to be able to afford a place after that.”
At least that’s the anecdotes I’ve seen around me.
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I still don’t understand how it can still be so strong with these rates!
People with more cash and great dual incomes pushing themselves as hard as they can go to buy because they’re “never going to be able to afford a place after that.”
At least that’s the anecdotes I’ve seen around me.