Canadian real estate is impervious to crashes it has been said. There can be no way prices ever come down. This is of course all according the mainstream financial media and those who have everything riding on the fact that real estate rill continue to rocket upward. There’s just one issue however...
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In This Episode:
Canadian real estate is impervious to crashes it has been said. There can be no way prices ever come down. This is of course all according the mainstream financial media and those who have everything riding on the fact that real estate rill continue to rocket upward. There’s just one issue however...
canada central bank interest rates home housing
Bank of Canada raises interest rate for 1st time in 7 years to 0.75% - Business - CBC News
Big 5 banks increase prime rates after Bank of Canada's interest rate hike - Business - CBC News
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Toronto’s real estate market could keep cooling off thanks to interest rate hike: economist - National | Globalnews.ca
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http://www.cbc.ca/news/business/bank-canada-interest-rate-monetary-policy-1.4200814
http://www.cbc.ca/news/business/prime-interest-rate-increases-1.4201403
http://globalnews.ca/news/3594672/toronto-real-estate-market-interest-rate/
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Is there any chance that Canadian real estate can withstand higher interest rates?
great work as usual. Where I live your vids always pop up at around 12 am so I listen before bed. haha.
That's when I post! Research all evening then post before bed. Thank you for watching!
It's not looking well for Canadians. Also, this going to hurt other countries too?
Clearly Canada is needing this bubble in real estate but the economy actually isn't doing well.
Same situation elsewhere. Increase interest rates and the real problems will arise.
Great post! Indeed its not looking to good for Canada. Debt ratios are skyrocketing, but still most are blissfully unaware that the fecal matter may soon hit the spinney thingy.
Definitely! But most people would disagree with you and I
an increase in the interest rate will definitely affect mortgage payers.
I'm thinking we would see a huge widespread issue is mortgage rates hit around 4-5%
You guys are funny! This is a move to make the bubble grow even more.
Higher interests rates will put some new buyers on the housing market because they will fear to pay more for a house
Everybody with a variable interest rate on a open loan and who as some money aside will rush to the bank to make some anticipated payments, which will inject some liquidity in the banking system.
Some people will even get a loan for a car or for personal expenses that will stir up business while the rates are still low.
This bubble as 2 more years before it bursts.