and the central bank decision to hold rates steady for now would mean the start of that cycle has been delayed.
Douglas Porter, chief economist with BMO, said the bank’s no-rate-hike announcement may send an ’all-clear’ signal to the housing market just ahead of the start of the spring selling season, traditionally the busiest period to buy and sell real estate. This month, one of her clients’ houses received 46 showings in six days, drew five offers and sold $352,000 over the asking price at $3,647,000.
In that real class war (that which shall not be named) between those who have houses as investment assets and those who just want affordable homes, where do you stand?
I guess the prediction of last week was wrong.
No one has had a clue about housing in Canada, at least in the larger cities, for 20 years now. It's been pretty much non stop during this time. Bidding wars in Toronto I recall in 2000. Talk of a coming crash all through this time. It's been so weird
Thats an odd way of saying 'make poor people poorer'
Pouring gas on the fire. Painted in a corner with no way out.
Yep. Not to mention food inflation. They made a mistake
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