4 ms·
Interest rates will not be over 5 % in our lifetime (50 years plus). Average home price in TO will be well over 2-3 million in the next decade. BoC understands
by hourislate 5y ago
Interest rates will not be over 5 % in our lifetime (50 years plus). Average home price in TO will be well over 2-3 million in the next decade. BoC understands that any meaningful rise will cause economic calamity that will leave everyone naked and hungry in the streets and a collapse of the financial system.
Just saying...
- refurb 5y agoNope. If they don’t increase interest rates (and they are clearly moving faster than what they said a year ago) inflation will skyrocket and the Canadian dollar will be crushed, causing more price inflation due to imports. The BOC will have no choice. They’ve just painted themselves into a corner.
- Marsymars 5y agoIn such a collapse, are the houses just all going to be empty?