I’ve been saying this for a long time now and none of my Canadian friends seem to understand. I guess they’ve only seen rates continue to drop over the last 40

I’ve been saying this for a long time now and none of my Canadian friends seem to understand. I guess they’ve only seen rates continue to drop over the last 40 years. But I think people will be shocked when their interest rate is 10% soon. It sounds unthinkable but it’s the only way to get inflation under control. I expect a massive crash in the Canadian home market. In certain areas that have been high fliers I’d expect 50% - 60% declines or larger. Combine exploding interest rates, high inflation, and banning foreign buyers, the housing market is about to get “cheap” for cash buyers.