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In my opinion, it does not do much for the housing market. All it does is create a panic in the market which deter people to buy real estate for now. However, when the panic phase is over, people will start buying and selling real estate again. The overnight rate change is not designed to change the present housing market crisis. It does not address the root cause of the housing market i.e. supply.
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How does overnight rate increase help the canadian realestate housing market? In my opinion, it does not do much for the housing market. All it does is create a panic in the market which deter people to buy real estate for now. www.mortgagedeliveryguy.ca
How does overnight rate increase help the canadian realestate housing market? However, when the panic phase is over, people will start buying and selling real estate again. The overnight rate change is not designed to change the present housing market crisis. It does not address the root cause of the housing market i.e. supply. www.mortgagedeliveryguy.ca
How does overnight rate increase help the canadian realestate housing market? THANK YOU www.mortgagedeliveryguy.ca