Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Canadian I R Shock As Rates May Have To Rise Further

Recommended Posts

http://www.canada.com/topics/finance/story...2b2ae4c&k=43593

OTTAWA (CP) - Interest rates may have further to rise to cool an economy that's running at full capacity, Bank of Canada Governor David Dodge said Wednesday.

That which brought inflated house prices to so many is now bringing a dose of cold reality and much financial pain. :o

Edited by Realistbear

Share this post


Link to post
Share on other sites

I think everyone one is aware there will be a "leap frog" effect? Differentials will matter

We may well see a bidding war for IR--each nation trying to attract currency by raising rates which is comparable to the time when buyers bidded up house prices when the market was rising. It is possible that we could be returning to normal rates once again--around 7% on mortgages? About 2% from where we are today.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.