news wrote:Higher number of homes on the market means buyers can take more time, realtor says
grantness wrote:The BOC sets variable rates. Their explicit goal is to control inflation.
silverman wrote:grantness wrote:The BOC sets variable rates. Their explicit goal is to control inflation.
Yes in theory, not in practice. The BOC will not raise rates substantially before a federal election... regardless of where inflation stands. Rates will stay low (even artificially low) ... and real estate prices won't do too bad for the time being. But after the election, sometime in the fall probably, it will be a different story.
Detective wrote:then the US foreclosures and FAR more risky loans compared to anything in canada
Detective wrote:Then again, there are people on this board that think the september 11th attacks were planned
Detective wrote:in 10 years they are still going to have neg equity in that house?
Detective wrote:fair enough...so please enlighten me with your numbers and analysis which backs up your theory that in exactly ten years anyone who purchased in 2008 will have still bought for more money than the current market price in 2018.
Please also attach said graph which shows any ten year period where the average price has not increased from any peak period.
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