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If it's in so much trouble, why are property prices increasing at a ridiculous rate? http://www.theglobeandmail.com/report-on-business/top-business-stories/toro
by fuddle 10y ago
If it's in so much trouble, why are property prices increasing at a ridiculous rate? http://www.theglobeandmail.com/report-on-business/top-business-stories/toronto-home-prices-soar-as-fears-of-the-b-word-mount-in-vancouver/article30257082/ http://www.theglobeandmail.com/report-on-business/top-busine...
- kitcar 10y ago1) Extremely low interest rates combined with government backed mortgages (CMHC) means lots of people now have mortgages they will be unable to carry if interests rates rise by 1% (as that would be a 50% increase in their interest payments...) 2) Foreign investment (Vancouver+Toronto).
- branchless 10y agomy word - that's a key sign they are in trouble...